Tenstorrent, a chip startup focused on inference, has hit a $6.2 billion valuation, more than doubling its valuation from $2.6 billion in late 2024. Led by Trace Capital, a new firm launched by Ben Mahdavi, the round includes Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price. This round comes as a wave of AI hardware startups, including Etched, fielded investment offers at valuations of $40 billion or more. Jim Keller, Tenstorrent CEO, stated that the company decided to remain independent and raised more capital after showing that its Galaxy servers could run DeepSeek models. The new capital will go toward scaling chips tailored for serving open-weight AI models and video gene…
Key points
Tenstorrent's valuation has nearly doubled, reaching $6.2 billion.: Tenstorrent's valuation has nearly doubled, reaching $6.2 billion.
Led by Trace Capital, a new firm launched by Ben Mahdavi, the round includes Cadence Vent…: Led by Trace Capital, a new firm launched by Ben Mahdavi, the round includes Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price.
This round comes as a wave of AI hardware startups, including Etched, fielded investment…: This round comes as a wave of AI hardware startups, including Etched, fielded investment offers at valuations of $40 billion or more.
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Tenstorrent, a chip startup focused on inference, has raised $1.5 billion at a $6.2 billion valuation. The round comes five months after the 10-year-old Nvidia challenger reportedly received acquisition interest from Intel and Qualcomm at valuations of as much as $5 billion.
The fresh round, which more than doubled Tenstorrent’s valuation from the $2.6 billion it fetched in late 2024, was led by Trace Capital, a new firm launched by Quiet Capital co-founder Ben Mahdavi, and Innovation X. Other backers included Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price.
Jim Keller, a prominent microprocessor engineer and Tenstorrent CEO, told Bloomberg that the company decided to remain independent and raise more capital after it showed that its Galaxy servers could run DeepSeek models. The new capital will go toward scaling chips tailored for serving open-weight AI models and video generation.
Tenstorrent is part of a wave of AI hardware startups trying to chip away at Nvidia’s dominance. Among them is Etched, an AI chip maker that was fielding investment offers at valuations of $40 billion or more, TechCrunch reported earlier this month.
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Huawei's ADN Solution has secured the top market share in overall OSS (Open Source Software) and domain management in the Appledore Research Report. This achievement underscores Huawei's leadership in the OSS and domain management market. The report, conducted by Appledore, evaluates various OSS solutions and identifies Huawei's ADN as the most effective in managing domains and overall OSS.
Microsoft is introducing Guardian Agents, a security feature designed to monitor AI agents, following CEO Satya Nadella's warning that AI agents can pose a threat similar to insider threats. This is part of Project Perception, a system designed to detect and fix vulnerabilities in AI agents, and is expanding in Microsoft Defender to find up to 60 types of agents. Microsoft is also adding features that limit agents' access to data and systems and adjust their permissions based on the task. This idea of agents as un…