1 of 1
Story summary
- Tenstorrent Inc. raised $1.5 billion in a Series E round, valuing the company at $6.2 billion.
- Trace Capital and Innovation X led the financing, joined by ARK Invest, Fidelity and other investors.
- CEO Jim Keller said a May demo of Galaxy servers running DeepSeek models sparked investor interest.
- The $1.5 billion will fund scaling Galaxy servers that use open-source RISC-V AI chips.
- Tenstorrent employs 1,150 staff across Santa Clara, Austin, Toronto, Belgrade, Tokyo and Bangalore.