Tenstorrent Raises $1.5 Billion at $6.2 Billion Valuation to Scale Open-Weight AI Chips

Tenstorrent, a chip startup focused on AI inference, has raised $1.5 billion, increasing its valuation to $6.2 billion. The funding round was led by Trace Capital and Innovation X, with participation from several notable investors. The capital will be used to scale chips designed for open-weight AI models and video generation.