Tenstorrent raises $1.5B to scale AI chip production
TechCrunch: 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.
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Tenstorrent, a chip startup focused on inference, raised $1.5 billion at a $6.2 billion valuation, more than doubling its previous valuation from late 2024. The company decided to remain independent rather than accept acquisition offers from other firms at lower valuations, after demonstrating that its Galaxy servers could run DeepSeek models. The new capital will fund scaling of chips designed for serving open-weight AI models and video generation. Tenstorrent is one of several AI hardware startups attempting to compete with Nvidia's market dominance.
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Also reported by The Decoder
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