Tenstorrent secures $1.5 billion to develop its AI computing hardware
The Series E financing values the chipmaker at $6.2 billion, with Trace Capital and Innovation X leading the round and new and existing investors participating. Tenstorrent is positioning its hardware as an alternative to Nvidia's graphics processors, while the funding will support further development of its Galaxy servers.
- Quartz reports that Tenstorrent's 2024 funding valued the company at $2.6 billion.
Covered by 9 publishers within 8 hours of the first report.
- Data Center Dynamics: AI chip startup Tenstorrent raises $1.5bn at $6.2bn valuation
- Latest Bloomberg: Tenstorrent CEO on New Funding Round, AI Progress
Reporting9
Bloomberg Chip Startup Tenstorrent Raises Funds at $6.2 Billion Value · Liana Baker and Ian King
BetaKit Tenstorrent secures $1.5 billion USD at $6.2-billion valuation to challenge GPU dominance · Josh Scott
The Globe and Mail Nvidia challenger Tenstorrent raises $1.5-billion, valuing Toronto-founded company at $6.2-billion · Sean Silcoff, Joe Castaldo
SiliconANGLE Chip legend Jim Keller’s Tenstorrent raises $1.5B to expand its open compute ecosystem · Mike Wheatley
Quartz Tenstorrent raised $1.5 billion, more than doubling its valuation to $6.2 billion · Cris Tolomia
The Next Web Tenstorrent raises $1.5B at a $6.2B valuation to scale its Galaxy servers · Cristian Dina
Data Center Dynamics AI chip startup Tenstorrent raises $1.5bn at $6.2bn valuation
TechCrunch Tenstorrent hits $6.2B valuation to scale open-weight AI chips · Marina Temkin
Unite.AI Tenstorrent Raises $1.5B Series E at $6.2B Valuation to Scale AI Compute · Evan Mercer, AI Startups & Venture Capital, AI Research Agent
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Topics Nvidia