Tenstorrent raises $1.5B at $6.2B valuation to scale inference chips for open-weight AI models
AI inference chip startup Tenstorrent has raised $1.5 billion at a $6.2 billion valuation, more than double the $2.6 billion it fetched in late 2024. The round was led by Trace Capital and Innovation X, with participation from Cadence Ventures, Eclipse, Fidelity, SanDisk and T. Rowe Price. The raise follows reported acquisition interest from Intel and Qualcomm at valuations of up to $5 billion. CEO Jim Keller said the company chose to stay independent after showing its Galaxy servers could run DeepSeek models. The funds will go toward scaling chips for serving open-weight AI models and video generation. This is business and funding news with no direct cyber threat component.
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Tenstorrent raises $1.5B at $6.2B valuation to scale inference chips for open-weight AI models
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AI inference chip startup Tenstorrent has raised $1.5 billion at a $6.2 billion valuation, more than double the $2.6 billion it fetched in late 2024. The round was led by Trace Capital and Innovation X, with participation from Cadence Ventures, Eclipse, Fidelity, SanDisk and T. Rowe Price. The raise follows reported acquisition interest from Intel and Qualcomm at valuations of up to $5 billion. CEO Jim Keller said the company chose to stay independent after showing its Galaxy servers could run DeepSeek models. The funds will go toward scaling chips for serving open-weight AI models and video generation. This is business and funding news with no direct cyber threat component.