Official press releases from Tenstorrent or the partnering company, major financial news outlets

Tenstorrent Raises $700M with Jeff Bezos to Challenge Nvidia in AI Chips

Dec 2, 2024, 11:43 AM

Tenstorrent, an AI chip startup, has raised $700 million in its Series D funding round, achieving a pre-money valuation of $2 billion. The round was led by Samsung Securities and AFW Partners, with participation from notable investors, including Jeff Bezos. The funding round was oversubscribed, reflecting strong investor interest. Tenstorrent, founded by semiconductor pioneer Jim Keller, aims to develop chips to challenge Nvidia's dominance in the AI chip market. The company plans to collaborate with partners such as SingularityNET to co-develop AGI-optimized chip architectures for applications in industries like robotics and healthcare.