After negotiating potential acquisitions with Intel and Qualcomm, the AI chip startup TenTorrent finally chose to finance independent development. In the AI chip market dominated by giants such as Nvidia, the company is trying to find breakthroughs with lower prices and customized services. According to media reports on October 19, local time, the AI chip startup TenTorrent said in a statement that the company has completed Series E financing of 1.5 billion US dollars, and the valuation has risen to 6.2 billion US dollars. This round of financing was led by Trace Capital, an investment institution newly established this year, and co-led by Innovation X. SanDisk, the US asset management giant Puxin Group, and the venture capital department under the EDA giant Cadence participated. Existing shareholders such as Ark Investment and Fidelity Investments continued to follow suit. Tenstorrent's valuation has more than doubled compared to the $2.6 billion valuation in the last round of financing in 2024.

After negotiating potential acquisitions with Intel and Qualcomm, the AI chip startup TenTorrent finally chose to finance independent development. In the AI chip market dominated by giants such as Nvidia, the company is trying to find breakthroughs with lower prices and customized services. According to media reports on October 19, local time, the AI chip startup TenTorrent said in a statement that the company has completed Series E financing of 1.5 billion US dollars, and the valuation has risen to 6.2 billion US dollars. This round of financing was led by Trace Capital, an investment institution newly established this year, and co-led by Innovation X. SanDisk, the US asset management giant Puxin Group, and the venture capital department under the EDA giant Cadence participated. Existing shareholders such as Ark Investment and Fidelity Investments continued to follow suit. Tenstorrent's valuation has more than doubled compared to the $2.6 billion valuation in the last round of financing in 2024.