Wafer draws buyout offers as $40 million round values inference startup above $200 million

Wafer, a year-old inference startup that uses AI agents to tune models on AMD and other non-Nvidia accelerators, has received multiple acquisition offers from larger inference and cloud providers as it closed a $40 million Series A at a valuation above $200 million. The round, co-led by Marathon and Chemistry, adds capital as buyers hunt for software that can make cheaper chips competitive with Nvidia on serving open models.