Tenstorrent raises $1.5 billion in Series E funding
AI chip company Tenstorrent announced it has closed a $1.5 billion Series E funding round, achieving a post-money valuation of $6.2 billion. The capital will support mass production and global expansion.
Tenstorrent, an AI chip company led by Jim Keller, has secured $1.5 billion in a Series E funding round. The investment brings the company's post-money valuation to $6.2 billion.
The funding round was co-led by Trace Capital and Innovation X, with participation from various new and existing investors. The company stated the funds will be used to support its mass production efforts and global commercial expansion.
Previously, Tenstorrent, known for its RISC-V based AI computing solutions, completed a Series D funding round at the end of 2024, with a valuation of approximately $2.7 billion.
CEO Jim Keller commented that the company is building a unified architecture, emphasizing his view that the future of computing is open, scalable, and owned by its developers.