According to Tenstorrent’s official announcement, the company has completed a $1.5 billion Series E funding round, bringing its post-money valuation to $6.2 billion. The round was led by Trace Capital and Innovation X, with participation from new and existing investors including Agostinelli Group, ARK Invest, Cadence Ventures, Fidelity Management & Research Company, Morgan Stanley, Sandisk, Tether Investments, T. Rowe Price, Virtu Financial, and XTX Markets.
AI chip startup Tenstorrent completes $1.5 billion Series E round, valued at $6.2 billion
TechFlowShare
Summary
AI chip startup Tenstorrent has closed a $1.5 billion Series E round, reaching a $6.2 billion valuation. Trace Capital and Innovation X led the round, with participation from Agostinelli Group, ARK Invest, Cadence Ventures, Fidelity, Morgan Stanley, SanDisk, Tether Investments, T. Rowe Price, Virtu Financial, and XTX Markets. On-chain data indicates rising interest in AI infrastructure, as the Fear & Greed Index remains elevated amid strong venture capital inflows.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.