FUNDING · STARTUPS · #2220
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.
KEY POINTS
- 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.
- The raise accelerates an Nvidia challenger’s push to scale hardware specifically for serving open-weight AI models, affecting competition and supply for model serving infrastructure.
WHY IT MATTERS
The raise accelerates an Nvidia challenger’s push to scale hardware specifically for serving open-weight AI models, affecting competition and supply for model serving infrastructure.