Tech Company Financing Transactions
Tenstorrent Funding Round
Tenstorrent, based in Toronto, Ontario, secured $693 million in funding from AFW Partners, Samsung Securities and Baillie Gifford.
Transaction Overview
Company Name
Announced On
12/2/2024
Transaction Type
Venture Equity
Amount
$693,000,000
Round
Series D
Investors
Proceeds Purpose
The company intends to use the funds to build out open-source AI software stacks, hire developers, expand its global development and design centers, and build systems and clouds for AI developers.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
150 Ferrand Dr 901
Toronto, Ontario, M3C 3E5
CA
Toronto, Ontario, M3C 3E5
CA
Phone
Undisclosed
Website
Email Address
Overview
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.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 12/2/2024: HUB2 venture capital transaction
Next: 12/2/2024: Polar Beer Taps venture capital transaction
Share this article
News on VC Transactions
We do our best to report on all VC transactions involving tech companies. All VC database entries reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs