Tenstorrent Announces a $1.5B Series E at a $6.2B Valuation
aiinsider ·
Tenstorrent has successfully closed a $1.5 billion Series E funding round, achieving a post-money valuation of $6.2 billion. The investment was led by Trace Capital and Innovation X, with significant participation from major financial institutions such as ARK Invest, Fidelity, Morgan Stanley, and T. Rowe Price. CEO Jim Keller, known for his work on Apple’s A4/A5 chips and AMD Zen architecture, stated that the capital will be used to scale Galaxy server deployments and advance their RISC-V CPU and AI core IP licensing business. The company aims to continue supporting open-weight large language models and video generation models while maintaining its open-source software stack. Investors praised Tenstorrent's unique ability to design both the silicon and the software, noting strong performance in video generation benchmarks ahead of expectations. This funding supports Tenstorrent's strategy of selling one unified architecture across various sizes, from single cards to superclusters. The round highlights growing investor confidence in Tenstorrent's approach to open, scalable AI compute infrastructure.
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