AI chip startup Tenstorrent raised a $1.5B Series E led by Trace
AI chip startup Tenstorrent raised a $1.5B Series E led by Trace Capital and Innovation X at a $6.2B valuation, up from $2.6B after raising $700M in 2024
TL;DRTenstorrent raised $1.5B at $6.2B valuation, more than doubling its worth in a year.
Why it matters: Another well-funded AI chip competitor challenges Nvidia's dominance in accelerators for AI workloads.
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