Tenstorrent Raises over $200 million at $1 billion Valuation to Create Programmable, High Performance AI Computers
News provided by
Share this article
Share this article
TORONTO, May 20, 2021 /PRNewswire/ - Tenstorrent, a hardware start-up developing next generation computers, announced today that it has raised over $200 million in a recent funding round that values the company at $1 billion. The round was led by Fidelity Management and Research Company and includes additional investments from Eclipse Ventures, Epic CG and Moore Capital. Our goal is to continue creating AI focused hardware for developers, said Ljubisa Bajic, Tenstorrent s CEO. Having a great investor like Fidelity is going to help us build a sustainable company for the long term.
5 Companies That Came To Win This Week
For the week ending Jan. 8, CRN takes a look at the companies that brought their ‘A’ game to the channel. By Rick Whiting January 08, 2021, 02:58 PM EST
The Week Ending Jan. 8
Topping this week’s Came to Win list is Proofpoint for hiring channel superstar Joe Sykora to be its first global channel chief.
Also making the list are AI chip startup Tenstorrent and wireless edge networking vendor Cradlepoint for their own savvy hires. Also making this week’s list is Red Hat for a key acquisition in the Kubernetes security space. And cloud security vendor iBoss is here for closing a blockbuster funding round.
In a sign of AI’s fundamental impact on computing, legendary chip designer Keller joins startup Tenstorrent
Keller most recently served at Intel, and previously helped to re-invent design at AMD and start Apple’s custom processor for the iPhone.
January 6, 2021 20:41 GMT (12:41 PST) | Topic: Artificial Intelligence
In a sign of the profound changes being wrought in computing by artificial intelligence, Toronto-based AI chip startup Tenstorrent on Wednesday announced it has hired legendary chip designer Jim Keller to be its chief technology officer.
Keller most recently served at Intel and before that re-invented the microprocessor architecture at Advanced Micro Devices.