Tenstorrent raises $1.5B at $6.2B valuation to scale chips for open-weight AI models
Tenstorrent announced a $1.5 billion funding round led by Trace Capital and Innovation X that values the company at $6.2 billion. The startup, led by CEO Jim Keller, said it will use the capital to scale chips and Galaxy servers for serving open-weight AI models and video generation after demonstrating Galaxy running DeepSeek models; it previously received acquisition interest from Intel and Qualcomm.