# Mitesh Agrawal

> Mitesh Agrawal is the CEO of Positron AI, a Reno-based AI inference hardware startup that has raised $305M and achieved unicorn status in under 34 months. A co-founder and long-time COO of Lambda Labs - where he helped grow revenues from $500K to ~$500M - Agrawal brought his front-row view of GPU limitations to Positron, a company building purpose-built silicon (the Atlas system, and next-gen Asimov chip) that delivers 3x the performance of Nvidia GPUs at one-third the power. Backed by Arm, Qatar Investment Authority, Jump Trading, and others, Positron is building America's first at-scale AI inference silicon company.

- **Role:** CEO at Positron AI
- **Organizations:** Positron AI, Lambda Labs, Aerigo Water Technologies, Pasteur Labs & ISI, Cornerstone Research, VMware
- **Nationality:** American
- **Education:** MBA, University of California, Berkeley - Haas School of Business, Master's in Chemical Engineering, Stanford University, Bachelor's in Biomedical/Medical Engineering & Biology, Georgia Institute of Technology
- **Known for:** Helped grow Lambda Labs from $500K to nearly $500M annualized revenue run rate as COO, Co-founder of Lambda Labs, one of the largest AI GPU cloud providers, Helped raise over $1 billion in capital across career

## Career timeline

- **2013-2015** — Undergraduate Research Scholar at Georgia Tech Research Institute
- **2015-2016** — Software Consultant at VMware
- **2016-2017** — Senior Financial Analyst at Cornerstone Research
- **2017** — Co-Founder of Aerigo Water Technologies
- **2017-2025** — Co-Founder & COO at Lambda Labs; grew revenue from $500K to ~$500M annualized run rate
- **2023** — Positron AI founded (spring 2023), first product Atlas shipped with 15 people and under $12.5M raised
- **2024** — Positron ranked #3 on The Information's 50 Most Promising Startups
- **2025-02** — Mitesh Agrawal joins Positron AI as CEO; company closes $51.6M Series A
- **2026-02** — Positron AI raises $230M Series B at $1B+ valuation; Agrawal announces next-gen Asimov chip roadmap

## Achievements

- Helped grow Lambda Labs from $500K to nearly $500M annualized revenue run rate as COO
- Co-founder of Lambda Labs, one of the largest AI GPU cloud providers
- Helped raise over $1 billion in capital across career
- Led Positron AI to unicorn status ($1B+ valuation) within 34 months of founding
- Launched Atlas AI inference system - 3x Nvidia GPU performance at 1/3 the power
- Secured Cloudflare and Parasail as early strategic customers for Atlas
- Closed oversubscribed $230M Series B co-led by ARENA, Jump Trading, Unless
- Attracted strategic investors including Arm, Qatar Investment Authority, and Helena
- Positron ranked #3 on The Information's 50 Most Promising Startups in 2024

## Latest updates

- **2026-02** — Positron AI raises $230M Series B at $1B+ valuation, co-led by ARENA, Jump Trading, and Unless, with strategic backing from QIA, Arm, and Helena
- **2026-04** — Positron targets transformative 2026, with next-gen Asimov chip on track for tape-out by end of year and production in early 2027
- **2025-07** — Positron closes $51.6M oversubscribed Series A; Cloudflare and Parasail among announced customers
- **2025-02** — Mitesh Agrawal officially joins Positron AI as CEO, leaving Lambda Labs after 8+ years

## Links

- Website: https://positron.ai
- LinkedIn: http://www.linkedin.com/in/mitesh7
- Twitter/X: https://twitter.com/positron_ai
- YouTube: https://www.youtube.com/watch?v=jZDQq-G5eA0

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Profile page: https://yespress.io/mitesh-agrawal
Published by YesPress — https://yespress.io
Last updated: 2026-05-12