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Tenstorrent Raises $1.5 Billion at a $6.2 Billion Valuation to Scale AI Chips

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Tenstorrent raised $1.5 billion at a $6.2 billion valuation to scale its chips for serving open-weight AI models and video generation while remaining independent. Trace Capital and Innovation X led the funding round, with backing from Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price. The startup focuses on inference—the work of running AI models to produce outputs. CEO Jim Keller told Bloomberg that Tenstorrent chose to remain independent after demonstrating that its Galaxy servers could run DeepSeek models.

Generated by AI from reports · Updated 57 minutes ago

Latest development10/20 02:37 (UTC+8)
Tenstorrent Raises $1.5 Billion at a $6.2 Billion Valuation to Scale AI ChipsTechCrunch · AI

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10/20
  1. TechCrunch · AI
    Tenstorrent Raises $1.5 Billion at a $6.2 Billion Valuation to Scale AI Chips

    Tenstorrent, an inference-focused chip startup, raised $1.5 billion at a $6.2 billion valuation. The round was led by Trace Capital and Innovation X, with backing from Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price. CEO Jim Keller told Bloomberg the company chose to remain independent after demonstrating that its Galaxy servers could run DeepSeek models; the new capital will scale chips for serving open-weight AI models and video generation.

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