Liberty Global Tech Ventures Invests in AI Inference Hardware and Software Company, Positron AI

Liberty Global Tech Ventures adds Positron AI to its growing AI portfolio through a major funding round valuing the startup at $5 billion.

Rhea-AI Summary

Liberty Global (LBTYA), via Liberty Global Tech Ventures, has invested in Positron AI as part of an oversubscribed $875 million funding round that values Positron at $5 billion.

The round was co-led by NEA, Valor Equity Partners, Atreides Management, Andra Capital, Dylan Patel’s SemiAnalysis Capital and Jim Clark. Founded in 2023, Positron develops memory-first AI inference hardware and software using LPDDR5X memory to relieve AI inference memory bottlenecks and avoid constrained HBM and CoWoS supply chains. Existing Atlas systems fit standard data centers, and customers include Oracle, Jump Trading and Parasail. Its next-generation Asimov silicon is planned to tape out in late 2026, with production in the second half of 2027, powering Titan, a multi-terabyte-memory inference system.

News Explained

Liberty Global’s announced Positron investment has no disclosed amount or ownership terms, leaving its capital exposure and holder impact unquantified.

Liberty Global Tech Ventures announced an investment in Positron AI, but the release does not state that it has closed; it therefore establishes an announced transaction, not a completed investment or a measurable change in Liberty Global’s ownership structure.

The release omits Liberty Global’s investment amount, resulting ownership stake, use of proceeds, and any conversion terms, so the capital exposure and potential effect on existing common holders cannot be sized from this disclosure.

Market Context

Pre-headline, LBTYA was up 1.05%; a comparable Liberty Global AI investment in XBOW was followed by ...

Analysis

Pre-headline, LBTYA was up 1.05%; a comparable Liberty Global AI investment in XBOW was followed by a 2.16% 24-hour gain on May 6.

Key Figures

Funding round: $875 million Company valuation: $5 billion Memory bandwidth utilization: More than 90% +3 more

Funding round

$875 million

Oversubscribed Positron AI funding round

Company valuation

$5 billion

Valuation in the funding round

Memory bandwidth utilization

More than 90%

Positron memory-first inference systems

Inference compute market

$1.3tn

Expected market value by 2032

Asimov tape-out

Late 2026

Next-generation custom silicon

Asimov production

Second half of 2027

Planned production timing

Previous AI Reports

1 past event · Latest: May 06

Same Type 1 event

1. May 06

   AI investment

   24h Move

   +2.2%

   Liberty Global invested in XBOW through a funding round exceeding $150 million.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

lPDDR5X, CoWoS, tapes out, hyperscaler

4 terms

lPDDR5X technical

"systems use LPDDR5X memory, avoiding constrained HBM and CoWoS supply chains"

LPDDR5X is a modern, low-power type of volatile memory used mostly in smartphones, tablets and other energy-sensitive devices to store working data temporarily while apps run. Think of it as a faster, more efficient short-term memory for a device — its speed and lower power use can improve performance and battery life, so adoption trends affect makers of chips and devices and can signal competitiveness in hardware design.

CoWoS technical

"avoiding constrained HBM and CoWoS supply chains"

CoWoS (chip‑on‑wafer‑on‑substrate) is an advanced semiconductor packaging method that stacks and connects multiple silicon chips into a single compact module, like layering and wiring tiny circuit boards into a multi‑story building. It matters to investors because it lets chip makers deliver much higher performance, lower power use, and greater bandwidth in the same space, which can boost product competitiveness, command premium pricing, and affect manufacturing costs and profit margins.

tapes out technical

"Asimov, tapes out in late 2026 with production in the second half of 2027"

A chip or semiconductor design "tapes out" when the final, production-ready layout and files are completed and sent to a fabrication facility for mask creation and wafer production. It matters to investors because it marks the transition from design and testing to manufacturing, signaling that the project is entering a stage where revenue, production lead times, and capital spending become clearer—like finishing blueprints and ordering parts before building a factory-made product.

hyperscaler technical

"driven by hyperscaler demand"

A hyperscaler is a very large provider of cloud computing and data-center services that owns and operates vast amounts of servers, storage and network capacity to host other companies’ applications and data. Think of them as the electric utility for digital services: their scale cuts unit costs, enables rapid growth for customers, and creates high barriers to entry, so investors watch their market share, margins and capital spending closely.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Positron AI develops hardware and software for memory-first AI inference systems
• Positron joins growing portfolio of AI firms that Liberty Global has backed including Higgsfield, XBOW, Legora and ElevenLabs

PALO ALTO, Calif., Sept. 11, 2026 (GLOBE NEWSWIRE) -- Liberty Global Tech Ventures, the technology investment arm of Liberty Global, today announced an investment in Positron AI, a leader in hardware and software for memory-first AI inference systems.

Liberty Global joins a select group of investors in the oversubscribed $875 million funding round, which values the company at $5 billion. The round was co-led by NEA, Valor Equity Partners, Atreides Management, Andra Capital, Dylan Patel’s SemiAnalysis Capital and Jim Clark. Liberty Global's selection reflects the strategic value it brings through its global technology footprint and experience scaling digital platforms.

Founded in 2023, Positron develops hardware and software designed specifically for AI inference, the stage at which trained AI models process and generate outputs. Its memory-first architecture is designed to lower total cost of ownership and process requests faster by addressing the memory bottlenecks that constrain AI inference.

Positron’s memory-first inference systems use LPDDR5X memory, avoiding constrained HBM and CoWoS supply chains, while achieving more than 90% memory bandwidth utilization. Its Atlas systems can be installed in existing data center architecture without changes to cooling systems.

Bobbie Maltiel, Partner at Liberty Global Tech Ventures, said: “While AI is being adopted by consumers and enterprises at a phenomenal rate, the ability to deliver token usage at the lowest possible cost is key to the full benefits being delivered for society. The Positron team have a relentless focus on this and we are delighted to be joining them on their mission to deliver high-speed AI at the lowest possible cost to businesses and consumers.”

The market for inference compute, the computing power needed to run AI models rather than train them, is expected to be worth $1.3tn by 2032 driven by hyperscaler demand*. Positron already counts Oracle, Jump Trading and Parasail among its customers.

Its next-generation custom silicon, Asimov, tapes out in late 2026 with production in the second half of 2027. Asimov powers Titan, a multi-terabyte-memory inference system for long-context and next-generation AI workloads.

Liberty Global Tech Ventures invests in category-defining AI and technology businesses and Positron joins firms like ElevenLabs, XBOW, Legora and Higgsfield in selecting Liberty Global as a strategic investor.

*Generative AI Market Poised to Reach $2.3 Trillion by 2032 as Agentic Systems Proliferate and Infrastructure Demand Surges, according to Bloomberg Intelligence | Press | Bloomberg LP

ABOUT LIBERTY GLOBAL

Liberty Global Ltd. (Nasdaq: LBTYA, LBTYB, LBTYK) delivers long-term shareholder value through the strategic management of two complementary platforms: Liberty Telecom and Liberty Growth.

Liberty Telecom is a world leader in converged broadband, video and mobile communications, providing approximately 80 million fixed and mobile connections across Europe through advanced fiber and 5G networks that empower customers and strengthen national economies. The business generates aggregate revenue of $22 billion, including approximately $18 billion from nonconsolidated joint ventures and $4 billion from consolidated operations.

Liberty Growth invests in scalable businesses across the technology, media, sports and infrastructure sectors, with a portfolio of roughly 70 companies and funds valued at $3.4billion.*

Together, these platforms reflect Liberty Global’s focus on operating, enabling and investing in businesses with strong strategic fit and the potential to deliver sustainable long-term returns.

*As independently valued as of December 31, 2025.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to business strategies, future growth prospects; valuation expectations and other information and statements that are not historical fact. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties include events that are outside of Liberty Global’s control. These forward-looking statements speak only as of the date of this release. Liberty Global expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

ABOUT POSITRON AI
Positron AI builds hardware and software to make AI inference dramatically cheaper and more energy efficient. The company’s shipping product, Atlas, is deployed at hyperscaler scale today, and its next-generation custom silicon, Asimov, tapes out in late 2026 with production in the second half of 2027. Asimov powers Titan, a multi-terabyte-memory inference system for long-context and next-generation AI workloads. Positron’s energy-efficient architecture allows its systems to be deployed in air-cooled or liquid-cooled data centers at varying rack densities, without dependence on constrained HBM or CoWoS supply chains. Learn more at positron.ai.

Investor Relations	Corporate Communications
Michael Bishop +44 20 8483 6246	Pádraig McGarrigle +44 7474 736967
	mediarelations@libertyglobal.com

FAQ

Who co-led the $875 million funding round in which Liberty Global invested?

The funding round was co-led by NEA, Valor Equity Partners, Atreides Management, Andra Capital, Dylan Patel’s SemiAnalysis Capital and Jim Clark.

What AI inference products does Positron AI offer and what are their timelines?

Positron AI’s shipping product, Atlas, is deployed at hyperscaler scale today. Its next-generation custom silicon, Asimov, is planned to tape out in late 2026 with production in the second half of 2027 and will power Titan, a multi-terabyte-memory inference system for long-context and next-generation AI workloads.

How does Positron AI’s architecture address AI inference constraints?

Positron AI uses a memory-first architecture with LPDDR5X memory to address AI inference memory bottlenecks, achieve more than 90% memory bandwidth utilization, and avoid dependence on constrained HBM and CoWoS supply chains. Its systems can be deployed in air-cooled or liquid-cooled data centers without changes to cooling systems.

What scale and financial profile does Liberty Global report for its broader business?

Liberty Global’s Liberty Telecom platform provides approximately 80 million fixed and mobile connections across Europe and generates aggregate revenue of $22 billion, including about $18 billion from nonconsolidated joint ventures and $4 billion from consolidated operations. Its Liberty Growth investment portfolio of roughly 70 companies and funds is valued at $3.4 billion as independently valued as of December 31, 2025.