Ai Chip Startup Tenstorrent Lands $100M Investment From Hyundai And Samsung

Aug 04, 2023•over 2 years ago

Amount Raised

$100 Million

Toronto

Investors

MicrosoftAmazonLgBodhi ComputingBajicNvidiaTenstorrentKiaHyundai MotorKia Corp.Hyundai Motor Co.Maverick CapitalEpiq CapitalEclipse VenturesFidelity VenturesSamsung CatalystSamsung Catalyst Fund.$50Hyundai Motor GroupInsight Partners

Description

The appetite for hardware to train AI models is voracious.

Company Information

Company

Tenstorrent

Location

150 FERRAND DRIVE

Toronto, Ontario, Canada

About

Tenstorrent is a next-generation computing company that builds computers for AI. Headquartered in Toronto, Canada, with U.S. offices in Austin, Texas, and Silicon Valley, and global offices in Belgrade and Bangalore, Tenstorrent brings together experts in the field of computer architecture, ASIC design, advanced systems, and neural network compilers. Join us: www.tenstorrent.com/careers.

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Funding Insights

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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