Tenstorrent raises $1.5B Series E at $6.2B valuation — SkimNews
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- Tenstorrent raised $1.5 billion in a Series E led by Trace Capital and Innovation X at a $6.2 billion valuation, more than double the $2.6 billion mark set by its $700 million 2024 round.
- Tenstorrent had attracted takeover interest earlier in 2025 before opting to raise fresh capital at the sharply higher valuation.
Why it matters: Tenstorrent's valuation more than doubled in under a year, from $2.6 billion to $6.2 billion, a steep markup for an AI chip startup. By choosing to raise rather than sell after attracting takeover interest, Tenstorrent and its backers priced in continued independent scaling in a competitive AI semiconductor market.
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