Tenstorrent raises $1.5B at a $6.2B valuation to expand open-weight AI chips
AI chip startup Tenstorrent has completed a $1.5 billion funding round at a valuation of $6.2 billion, more than double its $2.6 billion valuation at the end of 2024. The round was led by Trace Capital and Innovation X, with participation from Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price. CEO Jim Keller said the company decided to remain independent and continue raising funds after demonstrating that its Galaxy servers can run DeepSeek models, and that the new capital will be used to expand chips for open-weight model inference and video generation.
AI chip startup Tenstorrent has completed a $1.5 billion funding round at a valuation of $6.2 billion, more than double its $2.6 billion valuation at the end of 2024. The round was led by Trace Capital and Innovation X, with participation from Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price. CEO Jim Keller said the company decided to remain independent and continue raising funds after demonstrating that its Galaxy servers can run DeepSeek models, and that the new capital will be
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