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Will Tenstorrent secure a major tech partnership by end of 2025?
2
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Press releases from Tenstorrent or announcements from major tech companies
Story
Tenstorrent Raises $693M at $2.6B Valuation to Challenge Nvidia
Dec 2, 2024, 02:25 PM
AI chip startup Tenstorrent Inc. announced it has raised over $693 million in a Series D funding round led by Samsung Securities and AFW Partners, at a pre-money valuation of $2 billion and a post-money valuation of approximately $2.6 billion. Notable investors in this round include Jeff Bezos and Samsung. The company, founded by semiconductor pioneer Jim Keller, has secured nearly $150 million in committed deals, mainly in intellectual property. Tenstorrent aims to develop AI chips to challenge Nvidia's dominance in the AI hardware market and plans to release its next-generation chips in early 2025.
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Similar markets
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Amazon • 25%
Google • 25%
Microsoft • 25%
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Samsung Securities • 25%
AFW Partners • 25%
Jeff Bezos • 25%
Other • 25%
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RISC-V • 25%
Open-source software • 25%
AI chip architecture • 25%
Other • 25%