Tenstorrent raises $1.5B Series E at $6.2B valuation

Tenstorrent, the AI chip startup led by Jim Keller, closed a $1.5 billion Series E at a $6.2 billion post-money valuation, more than double the $2.6 billion it was valued at in its roughly $700 million Series D in late 2024. Trace Capital and Innovation X, both new US investors, co-led the round. SiliconANGLE reported participation from new and existing backers including Protagonist, Morgan Stanley, Fidelity Management & Research, ARK Invest and T. Rowe Price. A Tenstorrent spokesperson told BetaKit that Canadian investors also joined but declined to name them. The Canadian-founded, US-based company said the money will fund global expansion.

AI-generated from reports · 2 hours agoUpdate

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