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Tenstorrent hits $6.2B valuation to scale open-weight AI chips
After drawing acquisition interest earlier this year, the Nvidia challenger raised $1.5 billion to remain independent.
Via TechCrunch
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In Brief
Posted:
11:37 AM PDT · October 19, 2026
Image Credits:Tenstorrent
Tenstorrent, a chip startup focused on inference, has raised $1.5 billion at a $6.2 billion valuation. The round comes five months after the 10-year-old Nvidia challenger reportedly received acquisition interest from Intel and Qualcomm at valuations of as much as $5 billion.
The fresh round, which more than doubled Tenstorrent’s valuation from the $2.6 billion it fetched in late 2024, was led by Trace Capital, a new firm…
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