Tenstorrent raises $1.5B at $6.2B valuation to scale open-weight AI chips
Original titleTenstorrent hits $6.2B valuation to scale open-weight AI chips
AISummary
Tenstorrent, an inference-focused chip startup, has raised $1.5 billion at a $6.2 billion valuation, more than double its late 2024 valuation.
Five months earlier, the company reportedly drew acquisition interest from Intel and Qualcomm at valuations of up to $5 billion.
CEO Jim Keller says the company chose to stay independent after its Galaxy servers ran DeepSeek models, and the capital will fund chips for open-weight models and video generation.
AIWhy it matters
The round's valuation history and the rejected acquisition interest show how investors now value AI inference chip startups competing with Nvidia.
Source: TechCrunch · AI · techcrunch.comPublished · added here