Tenstorrent raises $1.5B at a $6.2B valuation to scale its Galaxy servers
Jim Keller’s AI chip company held takeover talks with Intel and Qualcomm this year. He told Bloomberg that Tenstorrent chose to raise money instead of selling.
Via TNW | Investors-funding
Tenstorrent, the AI chip company run by Jim Keller, has closed a $1.5bn Series E round at a $6.2bn post-money valuation, it announced on Monday. Trace Capital and Innovation X led the round.
New and existing investors also took part. They include Agostinelli Group, ARK Invest, Cadence Ventures, Eclipse, Fidelity, Maverick Silicon, Morgan Stanley, Protagonist, Sandisk, T. Rowe Price, Tether Investments, Virtu Financial and XTX Markets.
The new valuation is more than double the $2.6bn Tenstorrent was worth after its…
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