GoKawiilTenstorrent raises $1.5B at $6.2B valuation for open-weight AI chips
Chip startup Tenstorrent has closed a $1.5 billion funding round that values the company at $6.2 billion, more than double its $2.6 billion valuation from late 2024. The round was led by new firm Trace Capital and Innovation X, with Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price also participating. CEO Jim Keller said the company chose to stay independent and raise capital after demonstrating its Galaxy servers could run DeepSeek models, with funds earmarked for chips tailored to open-weight AI and video generation workloads.