Tenstorrent raises $1.5B at a $6.2B valuation to scale its Galaxy servers

AI chipmaker Tenstorrent, led by Jim Keller, has successfully closed a $1.5 billion Series E funding round. This investment establishes a post-money valuation of $6.2 billion for the company. The funding round was led by Trace Capital and Innovation X, with participation from various new and existing investors, including ARK Invest, Fidelity, and Morgan Stanley. Tenstorrent intends to utilize the newly acquired capital to scale its Galaxy servers and expand its operational capabilities.