Tenstorrent raises $1.5 billion at a $6.2 billion valuation
Original title: Tenstorrent hits $6.2B valuation to scale open-weight AI chips
The inference-chip startup will scale hardware for open-weight models after showing Galaxy servers running DeepSeek.
Tenstorrent raised $1.5 billion led by Trace Capital and Innovation X, more than doubling the $2.6 billion valuation it fetched in late 2024. CEO Jim Keller told Bloomberg the company stayed independent after it showed Galaxy servers could run DeepSeek models. The capital will scale chips for serving open-weight AI models and video generation. The round follows reported acquisition interest from Intel and Qualcomm.
Unconfirmed: Acquisition interest from Intel and Qualcomm is described as reported, not confirmed by those companies.
- Other backers include Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price.
- Reported Intel and Qualcomm interest reached valuations of as much as $5 billion.
- Tenstorrent is a 10-year-old inference-chip company led by Jim Keller.
- Vendors
- Tenstorrent
- Products
- Galaxy
- Organizations
- Trace CapitalInnovation XIntelQualcomm
- AI models
- DeepSeek
From the original article
1 min read at techcrunch.com
After drawing acquisition interest earlier this year, the Nvidia challenger raised $1. 5 billion to remain independent.
By Marina Temkin · techcrunch.com
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