Tenstorrent Completes $150 Million Series E Funding at a $6.2 Billion Valuation
Tenstorrent announced the completion of a $1.5 billion Series E funding round at a post-money valuation of $6.2 billion, led by Trace Capital and Innovation X. The funds will be used for large-scale deployment of Galaxy servers, continued support for open-weight models for large language models and video generation, and advancing externally licensed AI and CPU intellectual property. The company builds AI processors and systems based on RISC-V, and licenses the TT-Ascalon RISC-V CPU and Tensix AI cores to chip designers such as Samsung and LG.
Tenstorrent announced the completion of a $1.5 billion Series E funding round at a post-money valuation of $6.2 billion, led by Trace Capital and Innovation X. The funds will be used for large-scale deployment of Galaxy servers, continued support for open-weight models for large language models and video generation, and advancing externally licensed AI and CPU intellectual property. The company builds AI processors and systems based on RISC-V, and licenses the TT-Ascalon RISC-V CPU and Tensix AI
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