Tenstorrent raises $100m to take total funding to $334.5m

Author: EIS Release Date: Aug 14, 2023

Tenstorrent, a Canadian AI chip startup, has raised $334.5 million and expects to have another funding round next year.

 

CEO Jim Keller (pictured) has designed ICs for DEC, Harris, AMD, PA Semi, Apple, Tesla and Intel.

 

The company focusses on using RISC-V architectures for its  chips. Intel Chief Architect Raja Koduri joined the company in April.

 

Hyundai provided $30 million of this week’s $100 million funding round, and Kia provided $20 million with the rest coming from Samsung,  Fidelity Ventures, Eclipse Ventures, Epiq Capital and Maverick Capital among others.

 

 

 

In May, the company announced a deal to make TV chips for LG. The company is also targeting data centre ICs.