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2 clusters · 13 sources · 5 days · First seen · Last updated

Tenstorrent Series E funding round

Overview

Tenstorrent, a Toronto-based AI computing hardware startup led by Jim Keller, closed a $1.5 billion Series E funding round. This investment brings the company’s post-money valuation to $6.2 billion.

The funding round was led by Trace Capital and Innovation X, with participation from various investors including Tether Capital, Fidelity Management & Research, ARK Invest, Morgan Stanley, and T. Rowe Price. The company intends to use the capital to scale production of its Galaxy servers, advance its RISC-V-based AI and CPU intellectual property, and expand global commercial operations. Tenstorrent currently provides technology to major companies such as Samsung and LG.

Entities

Tether · Trace Capital · Tenstorrent · Innovation X · Whop

Timeline

  1. [BUSINESS] 4 sources
    Tenstorrent secures $1.5B in funding round

    AI chipmaker Tenstorrent raised $1.5 billion in a Series E round led by Trace Capital and Innovation X, while platform Whop secured $200 million in Series D funding.

  2. [BUSINESS] 9 sources
    Tenstorrent raises $1.5 billion at $6.2 billion valuation

    AI chip startup Tenstorrent has raised $1.5 billion in a Series E round, reaching a $6.2 billion valuation to scale its Galaxy servers and RISC-V-based AI hardware production.

Sources

crypto.news · cryptobriefing.com · financiarul.ro · forux.it · gcn.com · hedgeco.net · ibj.org · innovations.fr · mamstartup.pl · rande-academy.cz · siliconangle.com · tokenpost.kr · webrazzi.com