Advantage Capital, a leading impact investment firm that invests with intention in underserved communities, has joined a $51 million Series A funding round for Positron AI—a Reno-based company developing specialized chips for Transformer-based AI models, the powerful architecture behind systems like OpenAI’s GPT.
“Bringing AI and semiconductor technology and talent to the northern Nevada ecosystem is one of our main goals at Positron,” said Mitesh Agrawal, CEO of Positron AI. “This investment underscores confidence in our technology and a shared belief that one of the world’s key technologies should be built here in Nevada. We’re grateful for the support and excited to keep growing as part of the state’s thriving tech community.”
Advantage Capital’s investment was made in connection with the Nevada New Markets Jobs Act program, which attracts growth capital to underserved businesses. As a long-time participant in the program, Advantage Capital and its partners have invested more than $220 million in Nevada-based companies over the past decade, helping entrepreneurs grow, creating quality jobs, and strengthening communities statewide. Positron AI is the latest addition to this portfolio.
“Our investment in Positron AI reflects our belief in the transformative potential of emerging technologies and Nevada’s role as a hub for innovation,” said Leah Hendricks, Senior Vice President at Advantage Capital. “This round marks a significant milestone for Positron, and we look forward to seeing how the company continues to grow within Reno’s dynamic tech ecosystem.”
Advantage Capital’s Nevada portfolio spans industries from technology to consumer goods, with past investments including Goodwrx, a tech-enabled hospitality staffing platform; Nectar Bath Treats, a bath and beauty manufacturer; and Mario’s Westside Market, a neighborhood grocery store serving Las Vegas’s Historic Westside.
With more than 30 years of experience and a track record of investing in businesses, Advantage Capital continues to partner with Nevada entrepreneurs and companies ready to expand operations, create jobs, and deliver lasting community impact.
About Advantage Capital
Advantage Capital is a leading impact investment firm with an emphasis on driving capital to underserved areas. The firm provides flexible financing to growth-ready entrepreneurs and industries located in communities that often lack access to conventional sources of capital. Since 1992, the firm has invested more than $4.4 billion in more than 1,000 companies to support more than 70,000 quality jobs. The firm also invests with intention in affordable housing developments and renewable energy solutions to grow economies and communities. Learn more at Advantagecap.com.
Advantage Capital (“AC”) is an Investment Adviser registered with the U.S. Securities & Exchange Commission. Such registration does not imply a certain level of skill or training. This release has been prepared for informational purposes and nothing herein should be construed as an offer of investment advisory services or as an offer to sell or a solicitation of an offer to purchase any securities or investment product. All offers of investment interests in any fund or investment vehicle managed directly or indirectly by AC will only be made to qualified prospective investors pursuant to separate and definitive offering and subscription documents in accordance with applicable federal and state securities laws. Advantage Capital is an equal opportunity provider.
