Tenstorrent raises $1.5B at $6.2B valuation to challenge GPU dominance
Tenstorrent secures $1.5 billion USD at $6.2-billion valuation to challenge GPU dominance
AI Overview
Tenstorrent closed a $1.5 billion Series E led by Trace Capital and Innovation X at a $6.2 billion post-money valuation.
Why it matters
Tenstorrent's Series E more than doubles its 2024 valuation and funds volume manufacturing of its Galaxy servers, giving readers a concrete read on how much capital open-source AI chip challengers can raise.