Why is Everyone Investing in Jim Keller's AI Chip Revolution
Jim Keller-Led Tenstorrent Raises Another $700M For AI Chips At $2B+ Valuation Tenstorrent plans to use funds for AI software development and global expansion after funding success
Web3 Wavefronts - Digestible News on Crypto, DeFi and AI · theWeb3.news
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Show Notes
Tenstorrent raised over $700 million in a Series D funding round, achieving a valuation exceeding $2 billion. The funding round, led by Samsung Securities and AFW Partners, included contributions from Bezos Expeditions, Fidelity Management & Research Co, and LG Electronics, among others. Founded in 2016 in Santa Clara, California, Tenstorrent has accumulated over $1 billion in total funding. CEO Jim Keller, who joined the company in 2021, plans to use this new capital to enhance development capabilities, hire developers, and establish systems and cloud platforms for AI developers. The trend of funding for startups in the chip technology and AI sector shows growth, with companies like Lightmatter and Black Semiconductor also securing significant investments.
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