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AI Hardware

Tenstorrent

Tenstorrent raises $234M Series D at $2B valuation

130 Adelaide Street West, Toronto, ON M5H 3P5, CanadaAugust 15, 20241 min read
Total Raised
$234M
Valuation
$2B
Latest Round
Series D
Employees
300+

Tenstorrent: Series D Funding Round

Tenstorrent has successfully raised $234M in Series D funding, reaching a valuation of $2B.

Company Overview

AI and RISC-V processors

Funding Details

The Series D round was led by Hyundai Motor Group, with participation from Fidelity, Eclipse Ventures, Epiq Capital Group.

Company Information

  • Headquarters: 130 Adelaide Street West, Toronto, ON M5H 3P5, Canada
  • Founded: 2016
  • Employees: 300+
  • Category: AI Hardware

Investment

Tenstorrent plans to use the funds to accelerate product development, expand its team, and scale operations globally.

About the Investors

  • Hyundai Motor Group: Verified investor in Series D
  • Fidelity: Verified investor in Series D
  • Eclipse Ventures: Verified investor in Series D
  • Epiq Capital Group: Verified investor in Series D

Company Info

Headquarters
130 Adelaide Street West, Toronto, ON M5H 3P5, Canada
Founded
2016
Team Size
300+
Last Round
$234M(Aug 2024)

Investors (4)

H
Hyundai Motor GroupLead
Lead Investor
Verified investor in Series D
F
Fidelity
Investor
Verified investor in Series D
E
Eclipse Ventures
Investor
Verified investor in Series D
E
Epiq Capital Group
Investor
Verified investor in Series D

Topics

verified(3079)real-funding(3079)tenstorrentai hardwareseries-d130-adelaide-street-west

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