Tenstorrent Secures $1.5B to Scale AI Chips and Remain Independent
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Original source:techcrunch.com
Key Takeaways
- Tenstorrent raised $1.5 billion, pushing its valuation to $6.2 billion.
- The company rejected acquisition offers to maintain its independence.
- Funding will be used to scale hardware optimized for open-weight AI.
- The round was led by Trace Capital and Innovation X.
Tenstorrent has successfully closed a massive $1.5 billion funding round, driving its total valuation up to $6.2 billion. This financial milestone arrives after the hardware firm previously attracted takeover interest from tech giants like Intel and Qualcomm.
Led by Trace Capital and Innovation X, the fresh capital will empower the semiconductor startup to enhance its specialized chips designed for open-weight artificial intelligence models and video generation workloads.
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