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 (Bloomberg)
Tenstorrent secured fresh funding after attracting takeover interest earlier this year.
Bloomberg reports that Trace Capital and Innovation X led the $1.5 billion Series E. The AI chip startup’s $6.2 billion valuation is more than double the $2.6 billion reached with its $700 million raise in 2024. The new round is also more than twice the size of that earlier financing.
Techmeme's note
Bloomberg reports that Trace Capital and Innovation X led the $1.5 billion Series E. The AI chip startup’s $6.2 billion valuation is more than double the $2.6 billion reached with its $700 million raise in 2024. The new round is also more than twice the size of that earlier financing.
Techmeme's note
score 9