Tenstorrent Secures $693M in Series D, Valued Over $2.6 Billion
Brief news summary
AI hardware startup Tenstorrent has successfully secured $693 million in a Series D funding round, boosting its valuation to over $2.6 billion. According to Bloomberg, this round was spearheaded by Samsung Securities and AFW Partners, and included notable investors such as Hyundai and Bezos Expeditions, Jeff Bezos' investment firm. The Toronto-based company plans to use the new funds to expand its engineering team and develop AI training servers to showcase its technology. CEO Jim Keller, a renowned microprocessor engineer, disclosed that Tenstorrent aims to launch a new AI processor every two years. Additionally, the company has already signed customer contracts worth nearly $150 million, signaling significant market interest in their offerings. With this fresh capital, Tenstorrent is well-positioned to advance in the competitive AI hardware landscape, leveraging its innovative processors and strategic partnerships to establish a strong market presence.AI hardware startup Tenstorrent has secured almost $700 million in new funding. Bloomberg reported that the company completed a $693 million Series D round, valuing it at over $2. 6 billion. The round was led by Samsung Securities and AFW Partners, with additional investment from Hyundai and Bezos Expeditions, founded by Jeff Bezos. Based in Toronto, Tenstorrent plans to use the funds to expand its engineering team and develop AI training servers to showcase its technology.
CEO Jim Keller, a renowned microprocessor engineer, mentioned that the company intends to release a new AI processor every two years. They have also secured customer contracts amounting to nearly $150 million.
Watch video about
Tenstorrent Secures $693M in Series D, Valued Over $2.6 Billion
Try our premium solution and start getting clients — at no cost to you
