From AI Insider · James Dargan · · 1m 20s
Tenstorrent Raises $1.5B at $6.2B Valuation
Tenstorrent secures $1.5B Series E funding at $6.2B valuation with major investors.
In brief
Tenstorrent secures $1.5B Series E funding at $6.2B valuation with major investors. Tenstorrent closed a $1.5 billion Series E funding round at a $6.2 billion post-money valuation. Originally reported by AI Insider.
Tenstorrent Funding Round
Tenstorrent closed a $1.5 billion Series E at a $6.2 billion post-money valuation.
Investors Led by Trace Capital
The round was led by Trace Capital and Innovation X with participation from ARK Invest, Fidelity, Morgan Stanley, Sandisk, and T. Rowe Price.
Funding Uses
Tenstorrent will deploy Galaxy servers at scale, continue serving open-weight LLMs and video generation models, and advance RISC-V CPU and AI core IP.
CEO Jim Keller
CEO Jim Keller, architect of Apple’s A4/A5, AMD Zen, and Tesla’s Full Self-Driving chip, states Tenstorrent sells one architecture at every size.
Investor Support
Trace Capital’s Ben Mahdavi praised Tenstorrent’s combined chip and software expertise and strong video generation results.
Video Generation Results
Protagonist’s George Bousis noted Tenstorrent’s video generation results beat industry benchmarks ahead of expectations.
Tenstorrent’s Business Model
Tenstorrent sells AI compute at every stack level from single cards to custom IP, with open-source software for local model deployment.
Future Plans
Tenstorrent aims to scale Galaxy servers and license its RISC-V CPU and AI cores to chip designers like Samsung and LG.
The bottom line
Tenstorrent closed a $1.5 billion Series E funding round at a $6.2 billion post-money valuation.
