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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, focusing on technologies like ASIC design and RISC-V architecture. Unlike many competitors, Tenstorrent emphasizes a combination of computer architecture expertise and neural network compilers to optimize performance for AI tasks. The company's goal is to advance the capabilities of AI computing, serving clients in the AI and computing sectors while generating revenue through the sale of their systems and services.
Simplify's Take
What believers are saying
- RISC-V architecture's growth aligns with Tenstorrent's open-source AI software focus.
- Automotive AI chip market growth offers lucrative opportunities for Tenstorrent's BOS partnership.
- Increasing demand for HPC systems could expand Tenstorrent's reach beyond tech industries.
What critics are saying
- Competition from established AI hardware companies like Nvidia could impact market share.
- Reliance on open-source software may delay product development timelines.
- Geopolitical tensions in South Korea and Japan could disrupt Tenstorrent's supply chains.
What makes Tenstorrent unique
- Tenstorrent leverages RISC-V technology for flexible, open-source AI hardware solutions.
- The company partners with BOS Semiconductors to develop next-gen automotive AI chips.
- Tenstorrent's global presence includes offices in key tech hubs like Silicon Valley and Tokyo.
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Funding
Total Funding
$1297.7M
Above
Industry Average
Funded Over
6 Rounds
Industry standards
Benefits
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -3%2 year growth
↓ -1%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.
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, Hyundai Motor Group, Fidelity Management, Healthcare of Ontario Pension Plan, and Baillie Gifford. Tenstorrent plans to use the funds to enhance AI software, hire developers, and expand globally.
Tenstorrent, a leading U.S.-based AI hardware company, has partnered with South Korea's BOS Semiconductors to develop next-generation automotive chips.
Innovation Engine Co., Ltd. announced its investment in Tenstorrent's Series D funding round, which raised a total of $693 million. This funding will help Tenstorrent enhance its presence in the Japanese market, expand its workforce, and grow its ecosystem. Tenstorrent plans to use the funds to build an open-source AI software stack, hire talent, develop systems and cloud solutions for AI developers, and establish a high-performance computing design center in Japan.
Tenstorrent secures $693 million in Series D funding, led by Samsung Securities and AFW Partners, with participation from prominent global investors.
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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 58 Jobs on Simplify!
Find jobs on Simplify and start your career today