Tenstorrent Completes $1.5 Billion Series E Funding Round
Tenstorrent announced the completion of its Series E funding round. Earlier reports stated the round amount was $150 million, while later reports stated the round amount was $1.5 billion; both reports said the post-money valuation was $6.2 billion, co-led by Trace Capital and Innovation X. The company develops AI processors and systems based on the RISC-V architecture, with products including the Tensix AI core, the TT-Ascalon CPU, as well as Galaxy servers, TT-QuietBox workstations and Blackhole cards, along with the TT-Forge, TT-Metalium and TT-LLK open-source software stacks. Regarding the use of funds, earlier reports said the money would be used to expand Galaxy server production capacity, support RISC-V ecosystem research and expand the global team; later reports said it would be used for large-scale deployment of Galaxy servers, continued support for open-weight large language models and video generation models, and advancing externally licensed AI and CPU intellectual property.
Tenstorrent announced the completion of its Series E funding round. Earlier reports stated the round amount was $150 million, while later reports stated the round amount was $1.5 billion; both reports said the post-money valuation was $6.2 billion, co-led by Trace Capital and Innovation X. The company develops AI processors and systems based on the RISC-V architecture, with products including the Tensix AI core, the TT-Ascalon CPU, as well as Galaxy servers, TT-QuietBox workstations and Blackhol
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