AI Hardware

Tenstorrent

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

$234M
Total Raised
Series D
Latest Round
2016
Founded
300+
Employees
130 Adelaide Street West, Toronto, ON M5H 3P5, Canada
1 min read

Quick Facts

Valuation
$2B
Latest Round Size
$234M
Latest Round Date
August 2024

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

Key Investors

Hyundai Motor Group
Lead Investor
Verified investor in Series D
Fidelity
Investor
Verified investor in Series D
Eclipse Ventures
Investor
Verified investor in Series D
Epiq Capital Group
Investor
Verified investor in Series D

About the Author

Editorial Team
Editorial Team
Curated funding news from verified sources