Wafer, an AI infrastructure optimization startup using autonomous agents to improve GPU performance, has raised $40 million from investors. The company’s valuation exceeds $200 million, representing a 50-fold increase from its $4 million seed round completed in April 2026. Wafer’s technology addresses the problem of GPU underutilization, with average GPUs running at only 20% capacity in production environments. The startup positions itself as an optimization layer making non-Nvidia chips viable for AI inference workloads. The company also turned down several acquisition offers during its development.
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