Tenstorrent
Tenstorrent Raises $693M Series D
Quick Facts
Tenstorrent Raises $693M Series D
AI chip startup led by legendary chip designer Jim Keller, developing open-source AI hardware and software stacks to compete with NVIDIA
Key Highlights
- Funding Amount: $693M Series D
- Valuation: $2B
- Headquarters: Toronto, Canada / Austin, TX
- Founded: 2016
- Employees: 300-500
- Total Raised: $1.2B
About the Funding Round
Tenstorrent has successfully closed $693M Series D in funding, marking a significant milestone in the company's growth trajectory. This investment will enable the company to accelerate product development, expand market reach, and strengthen its position in the hardware sector.
Investor Syndicate
The round was backed by a prestigious group of investors:
- Samsung Securities
- AFW Partners
- Bezos Expeditions
- Fidelity
- LG Technology Ventures
This diverse group of investors brings not only capital but also strategic expertise and valuable networks that will help Tenstorrent achieve its ambitious goals.
Market Opportunity
The hardware market continues to experience rapid growth, driven by increasing demand for innovative solutions and digital transformation across industries. Tenstorrent's unique approach and proven technology position it well to capture significant market share in the coming years.
Company Background
Founded in 2016 and headquartered in Toronto, Canada / Austin, TX, Tenstorrent has established itself as an innovative player in the hardware space. With 300-500 employees, the company has built a strong team focused on delivering exceptional value to customers.
Next Steps
With this new funding, Tenstorrent plans to:
- Accelerate product development and innovation
- Expand into new markets and geographies
- Grow the team across engineering, sales, and operations
- Strengthen partnerships with key industry players
- Scale infrastructure to support rapid growth
Industry Impact
This funding round represents a strong vote of confidence in Tenstorrent's vision and execution. The investment will help drive innovation in the hardware sector and create new opportunities for customers and partners.
For more information about Tenstorrent, visit their website or contact their press office.
Key Investors
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