N環球 
AI chip startup Tenstorrent raises $1.5 billion at $6.2 billion valuation
Tenstorrent said it raised $1.5 billion in a late-stage round valuing it at $6.2 billion post-money, more than doubling its December 2024 valuation; funds will scale Galaxy AI server production.
Why it matters
This is one of the largest private AI-chip financings this year, showing capital is still betting on non-Nvidia AI chip routes. Tenstorrent uses the open-source RISC-V architecture, avoiding Arm licensing fees, and is seen as a bid to reduce dependence on proprietary chip ecosystems.
Full report
Tenstorrent said on Monday (Oct. 19) it raised $1.5 billion in a late-stage funding round that valued the AI chip startup at $6.2 billion post-money, more than doubling its roughly $2 billion pre-money valuation from December 2024. The Santa Clara, California-based company said it would use the funding to scale production of its Galaxy servers, which combine dozens of its AI chips to power applications including chatbots, coding assistants and video generators.
The Series E round was led by Trace Capital and Innovation X. Other backers included Cathie Wood's ARK Invest, Sandisk, Morgan Stanley, T. Rowe Price and Tether Investments. The startup's last round raised more than $693 million in December 2024.
CEO Jim Keller is a prominent chip architect who previously led Tesla's effort to develop a self-driving chip and held key design roles at Apple and AMD.
💬 Comments
No comments yet. Be the first!