AI-Computing Company Tenstorrent Raised $693 Million in Series D Funding at $2.6 Billion Valuation, Investors Includes Samsung Securities, AFW Partners, 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, Founded in 2016 by Ljubisa Bajic, Milos Trajkovic & Ivan Hamer
5th December 2024 | Hong Kong
Artificial Intelligence (AI) computing company Tenstorrent has raised $693 million in Series D funding at $2.6 billion valuation ($2 billion pre-money valuation), from investors including Samsung Securities, AFW Partners, 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. Tenstorrent was founded in 2016 by Ljubisa Bajic, Milos Trajkovic & Ivan Hamer. Tenstorrent is currently led by CEO Jim Keller. Announcement (2/12/24): “Tenstorrent is announcing that it has closed over $693M in its Series D funding round at a pre-money valuation of $2B. Samsung Securities and AFW Partners led the round, which was oversubscribed due to strong demand from investors. Samsung and AFW both have deep relationships with Tenstorrent, and a strong history of investing in pioneering technology companies. In addition to the leads, many notable investors joined the round including 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 more … … Tenstorrent builds and sells computers for artificial intelligence that are built using its Tensix cores. In addition to selling hardware, the open-source software stacks really set Tenstorrent apart from other players in the market. Tenstorrent licenses AI and RISC-V intellectual property to customers that want to own and customize their silicon. Tenstorrent will use the Series D funding to build out open-source AI software stacks, hire developers, expand its global development and design centers, and build systems and clouds for AI developers.” Tenstorrent – Tenstorrent is a next-generation computing company that builds computers for AI. Tenstorrent is headquartered in North America and has locations in Toronto, Austin, and Silicon Valley, and global offices in Belgrade, Tokyo, Bangalore, Singapore, and Seoul. Tenstorrent brings together experts in the fields of AI software, computer architecture, silicon design, and advanced systems. Tenstorrent is backed by Eclipse Ventures and Real Ventures, among others.”
“ AI-Computing Company Tenstorrent Raised $693 Million in Series D Funding at $2.6 Billion Valuation, Investors Includes Samsung Securities, AFW Partners, 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, Founded in 2016 by Ljubisa Bajic, Milos Trajkovic & Ivan Hamer “
AI-Computing Company Tenstorrent Raised $693 Million in Series D Funding at $2.6 Billion Valuation, Investors Includes Samsung Securities, AFW Partners, 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, Founded in 2016 by Ljubisa Bajic, Milos Trajkovic & Ivan Hamer
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