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About Tenstorrent
Industries
Hardware
AI & Machine Learning
Company Size
501-1,000
Company Stage
Series D
Total Funding
$1.3B
Headquarters
Toronto, Canada
Founded
2016
Overview
Tenstorrent builds advanced computers specifically designed for artificial intelligence applications. Their products include high-performance computing systems that utilize specialized hardware and software solutions, leveraging technologies like ASIC design and RISC-V architecture. Unlike many competitors, Tenstorrent focuses exclusively on AI computing, which allows them to tailor their systems to meet the unique demands of AI workloads. The company's goal is to advance the capabilities of AI computing, providing clients with the tools they need to push the boundaries of what is possible in the field.
Simplify's Take
What believers are saying
- RISC-V's growing popularity benefits Tenstorrent's CPU technology offerings.
- Partnerships with companies like BOS Semiconductors open automotive AI market opportunities.
- Series D funding of $693M supports global expansion and open-source AI software development.
What critics are saying
- New entrants like Reflection AI increase competition in the AI hardware market.
- Geopolitical tensions could disrupt Tenstorrent's global supply chains.
- Rapid tech advancements may render Tenstorrent's products obsolete without continuous innovation.
What makes Tenstorrent unique
- Tenstorrent specializes in RISC-V technology, offering an alternative to x86 and Arm.
- The company focuses on AI hardware and software, targeting high-performance computing markets.
- Tenstorrent's global presence includes offices in key tech hubs like Austin and Silicon Valley.
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Funding
Total Funding
$1334M
Above
Industry Average
Funded Over
6 Rounds
Industry standards
Benefits
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↓ -1%2 year growth
↑ 1%Tenstorrent launched the next generation Blackhole(TM) chip family today at their DevDay event in San Francisco.
For example, Tenstorrent, a Canadian RISC-V chip developer, has planned to produce AI accelerators at Rapidus' fabs, which is an initial manifestation of the effectiveness of Rapidus' market positioning strategy.
Tenstorrent has long been a provider of RISC-V CPU technology, and last year, it secured USD 400 million in funding from investors including Amazon founder Jeff Bezos and Samsung, as TechNews highlights.
U.S. semiconductor company Tenstorrent is set to launch an AI service in Japan, charging users based on the actual amount of data processed.
Jackson Rose participated in Tenstorrent's Series D funding round, which raised over $693 million at a pre-money valuation of $2 billion. The round was led by Samsung Securities and AFW Partners, with other investors including Bezos Expeditions, LG Electronics, and Hyundai Motor Group. Tenstorrent plans to use the funds to develop open-source AI software, hire developers, and expand globally. CEO Jim Keller highlighted the importance of their open-source approach to attract developers.
Tenstorrent is Hiring for 82 Jobs on Simplify!
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About Tenstorrent
Industries
Hardware
AI & Machine Learning
Company Size
501-1,000
Company Stage
Series D
Total Funding
$1.3B
Headquarters
Toronto, Canada
Founded
2016
Tenstorrent is Hiring for 82 Jobs on Simplify!
Find jobs on Simplify and start your career today