Tenstorrent, a chip startup focused on inference, has successfully raised $1.5 billion at a $6.2 billion valuation. This funding round comes just five months after the 10-year-old Nvidia challenger reportedly attracted acquisition interest from Intel and Qualcomm at valuations as high as $5 billion.
Funding Details
The latest round of funding more than doubled Tenstorrent’s valuation from the $2.6 billion it achieved in late 2024. The round was led by Trace Capital, a new firm founded by Ben Mahdavi, co-founder of Quiet Capital, along with Innovation X. Other notable backers included Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price.
