Tenstorrent Raises $693M+ in Series D Funding to Advance AI Computing
Tenstorrent's mission is to empower developers with powerful and customizable AI solutions.
Company Name: Tenstorrent
Location: Santa Clara, CA
Industry: AI Computing and Hardware
Funding Details:
Tenstorrent raised over $693M in Series D funding. The round was led by Samsung Securities and AFW Partners, with participation from XTX Markets, Corner Capital, MESH, Export Development Canada, Healthcare of Ontario Pension Plan, LG Electronics, Hyundai Motor Group, Fidelity Management & Research Company, Baillie Gifford, Bezos Expeditions, and others.
Purpose of Investment:
The funds will be used to:
- Build out open-source AI software stacks.
- Hire developers to advance its technology.
- Expand global development and design centers.
- Develop systems and clouds tailored for AI developers.
Leadership:
- CEO: Jim Keller
- COO: Keith Witek
Product:
Tenstorrent builds and sells computers for artificial intelligence powered by its proprietary Tensix cores. The company provides both hardware and open-source software stacks, enabling AI developers to access cutting-edge solutions. Additionally, Tenstorrent licenses AI and RISC-V intellectual property to customers, allowing them to design and customize their silicon.
About the Company:
Tenstorrent is a global leader in AI computing with locations in Santa Clara, Toronto, and Austin, and international offices in Belgrade, Tokyo, Bangalore, Singapore, and Seoul. Its mission is to empower developers with powerful and customizable AI solutions.
