Tenstorrent Raises $1.5B at $6.2B Valuation to Expand AI Chip Business

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AI chip startup Tenstorrent announced on October 27 that it closed a $1.5 billion Series E round, valuing the company at $6.2 billion. Innovation X co-led the funding round. The capital is intended to support the company's growth, including larger foundry orders and expanded engineering teams. Tenstorrent develops processor cores and compiler software for AI training and inference, aiming to offer cloud providers an alternative to Nvidia. The company plans phased rollouts, test deployments in enterprise data centers, and reference systems for hyperscalers.

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