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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.
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Tenstorrent Completes $150 Million Series E Funding at a $6.2 Billion ValuationDevelopments
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- Source:SiliconANGLE
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Oct 20
Unite.AI
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.
Oct 19
SiliconANGLE
Tenstorrent Completes $150 Million Series E Funding at a $6.2 Billion Valuation
AI chip company Tenstorrent has completed a $150 million Series E funding round co-led by Trace Capital and Innovation X, at a valuation of $6.2 billion. The company centers on its RISC-V-based Tensix Neo accelerators and Ascalon CPU, paired with the TT-Forge, TT-Metalium, and TT-LLK open-source software stack, with products spanning Galaxy servers, TT-QuietBox workstations, and Blackhole cards. This round of funding will be used to expand Galaxy server production capacity, support RISC-V ecosystem research, and grow its global team.