Tenstorrent raised a $693 million Series D round that values the company at more than $2.6 billion, aiming to enhance its engineering team and AI technology.
The Toronto-based company has signed customer contracts totaling nearly $150 million and plans to release a new AI processor every two years.
Jim Keller, Tenstorrent CEO, highlighted their commitment to competing against Nvidia in the AI chip market as they aim to grow their product offerings.
Founded in 2016, Tenstorrent is part of an emerging trend of startups seeking to innovate in the AI hardware space alongside established competitors.
Collection
[
|
...
]