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Venture Capital News: Tenstorrent Closes $693M+ of Series D funding

2024-12-02
SANTA CLARA, CA, Tenstorrent is announcing that it has closed over $693M in its Series D funding round at a pre-money valuation of $2 billion. The round was led by Samsung Securities and AFW Partners.
Tenstorrent is announcing that it has closed over $693M in its Series D funding round at a pre-money valuation of $2B. Samsung Securities and AFW Partners led the round, which was oversubscribed due to strong demand from investors. Samsung and AFW both have deep relationships with Tenstorrent, and a strong history of investing in pioneering technology companies. In addition to the leads, many notable investors joined the round including XTX Markets, Corner Capital, MESH, Export Development Canada, Healthcare of Ontario Pension Plan, LG Electronics, Hyundai Motor Group, Fidelity Management & Research Company, Baillie Gifford, Bezos Expeditions, and more.
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