"We are excited by the breadth of investors that believe in our vision," Tenstorrent COO Keith Witek said in the statement. "If you look at this group, you see a balance of financial investors and strategic investors, as well as some notable individuals that have conviction in our plans for AI. They respect our team, our technology, and our vision. They see the ~$150M in deals closed as a strong signal of commercial traction and opportunity in the market."
Tenstorrent aims to rival Nvidia with more affordable AI chips and processing solutions. The company uses an open-source approach, enhancing interoperability with other tech providers, thereby attracting investors who seek innovative and cost-effective alternatives in the AI hardware sector.
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