Tenstorrent, a chip startup focused on inference, has raised $1.5 billion at a $6.2 billion valuation. The round, led by Trace Capital and Innovation X, more than doubles the 10-year-old Nvidia challenger's valuation from the $2.6 billion it fetched in late 2024. Fresh acquisition interest from Intel and Qualcomm at up to $5 billion reportedly prompted the company to remain independent.
Jim Keller's firm stated its Galaxy servers can run Deep Seek models. The capital will scale chips tailored for serving open-weight AI models and video generation. Tenstorrent joins other AI hardware startups aiming to chip away at Nvidia's dominance.
Source: TechCrunch Venture · Summarized by HeadlinesBriefing