Tenstorrent, a Santa Clara, CA-based computing company that builds computers for AI, raised $693M+ in Series D funding.
The round was led by Samsung Securities and AFW Partners with participation from XTX Markets, Corner Capital, MESH, Export Development Canada, Healthcare of Ontario Pension Plan, LG Electronics, Hyundai Motor Group, Fidelity Management & Research Company, Baillie Gifford, Bezos Expeditions, and more.
The company intends to use the funds to build out open-source AI software stacks, hire developers, expand its global development and design centers, and build systems and clouds for AI developers.
Led by CEO Jim Keller, and COO Keith Witek, Tenstorrent builds and sells computers for artificial intelligence that are built using its Tensix cores. In addition to selling hardware, the company provides open-source software stacks. Tenstorrent licenses AI and RISC-V intellectual property to customers that want to own and customize their silicon.
It has locations in Toronto, Austin, and Silicon Valley, and global offices in Belgrade, Tokyo, Bangalore, Singapore, and Seoul.
FinSMEs
02/12/2024