Tenstorrent Closes $1.5 Billion Series E at $6.2 Billion Post-Money Valuation

Tenstorrent announced that it closed a $1.5 billion Series E at a $6.2 billion post-money valuation. The company named Trace Capital and Innovation X as leads, with ARK Invest and Fidelity Management & Research Company among the participants. It plans to deploy Galaxy servers at scale and advance the AI and CPU technology it licenses to chip designers. Those uses of the funding are plans, not completed work.