AMD's Taalas acquisition marks a major exit for Quiet Capital

On 6 August 2026, AMD announced a definitive agreement to acquire Taalas, a Toronto-based AI inference silicon startup founded in 2023 by Ljubisa Bajic. The deal strengthens AMD's AI roadmap alongside its Instinct GPUs and Helios rackscale solutions. Financial terms were not disclosed.

Quiet Capital was a lead investor across multiple Taalas rounds — the $50m Series A in March 2024 and the $169m Series B in February 2026 — and participated from the company's earliest stages. According to Ryan Hoover, Quiet Capital doubled down in every round and owned 35%+ of the company, with the acquisition expected to return 10 figures to LPs.

Taalas had raised approximately $219m in total funding prior to the acquisition, with backing from Quiet Capital, Fidelity Investments, and veteran semiconductor investor Pierre Lamond. The company's technology hardwires AI models directly into silicon, significantly reducing compute and memory bottlenecks for inference workloads.

The acquisition is subject to customary closing conditions and regulatory approvals.

Read more: AMD press release · Reuters · CNBC · Ryan Hoover on X