Tenstorrent Valued at $6.2 Billion With $1.5 Billion Round

<p class&equals;"text-body-md leading-150&percnt;"><strong>SANTA CLARA<&sol;strong> &&num;8212&semi; Tenstorrent&comma; an AI computing company&comma; has closed &dollar;1&period;5 billion in Series E funding with a &dollar;6&period;2 billion post-money valuation&period;<&sol;p>&NewLine;<p class&equals;"text-body-md leading-150&percnt;">The round was led by Trace Capital and Innovation X&comma; with participation from new and existing investors including Agostinelli Group&comma; ARK Invest&comma; Brett Barna&comma; Cadence Ventures&comma; Eclipse&comma; Fidelity Management &amp&semi; Research Company&comma; Maverick Silicon&comma; Morgan Stanley&comma; Protagonist&comma; Sandisk&comma; T&period; Rowe Price&ast;&comma; Tether Investments&comma; Troluce Capital&comma; Virtu Financial&comma; and XTX Markets&period;<&sol;p>&NewLine;<p>Tenstorrent is led by experienced hardware engineer and CEO Jim Keller — architect of Apple A4&sol;A5 chips&comma; AMD Zen&comma; and Tesla’s Full Self-Driving chip&period; The company builds RISC-V-based AI processors and systems for developers&comma; enterprises&comma; and sovereign infrastructure worldwide&period; In addition to servers and workstations&comma; Tenstorrent licenses its TT-Ascalon RISC-V CPU and Tensix AI cores to chip designers including Samsung and LG&period;<&sol;p>&NewLine;<p class&equals;"text-body-md leading-150&percnt;">Tenstorrent will use the capital to deploy Galaxy servers at scale&comma; continuing to serve open-weight models across LLMs and video generation&comma; and advance the AI and CPU IP it licenses to customers designing their own silicon&period;<&sol;p>&NewLine;<p class&equals;"text-body-md leading-150&percnt;">Tenstorrent sells AI compute at every level of the stack — from a single card or workstation to racks&comma; superclusters&comma; and custom IP&period; With an open-source software stack&comma; developers can run frontier models locally and enterprises can deploy models on-prem at industry-leading latency and throughput&period;<&sol;p>&NewLine;<p class&equals;"text-body-md leading-150&percnt;">&OpenCurlyDoubleQuote;We built one architecture and sell it at every size&comma;” said Keller&comma; CEO of Tenstorrent&period; &OpenCurlyDoubleQuote;The future of compute is open&comma; scalable&comma; and owned by the people building on it&period; Our investors believe in that model too&comma; and we appreciate their support&period;”<&sol;p>&NewLine;<p class&equals;"text-body-md leading-150&percnt;">&OpenCurlyDoubleQuote;Jim and his team bring decades of hands-on silicon&comma; software&comma; and IP experience&comma; and we’re excited to partner with Tenstorrent as Galaxy continues to scale&comma;” said Ben Mahdavi&comma; Founder at Trace Capital&period;<&sol;p>&NewLine;<p class&equals;"text-body-md leading-150&percnt;">&OpenCurlyDoubleQuote;Few companies design the chip and the software that runs on it&period; Tenstorrent does both&comma; and its video generation results beat industry benchmarks ahead of our expectations&comma;” said George Bousis&comma; Co-Founder and Managing Partner at Protagonist&period; &OpenCurlyDoubleQuote;We are excited to double down in the Series E to back Jim and the team through this next phase of growth&period;”<&sol;p>&NewLine;