AI chip startup Tenstorrent completes $693 million Series D financing

AI chip startup Tenstorrent recently announced the completion of a $693 million Series D round led by Samsung Securities and AFW Partners, with a pre-investment valuation of $2 billion. This round of financing was oversubscribed and attracted participation from investors including XTX Markets, Corner Capital, MESH, Export Development Canada, Ontario Health Pension Plan, LG Electronics, Hyundai Motor Group, Fidelity Management & Research Company, Baillie Gifford, and the Bezos Expedition Fund of Amazon founder Bezos' family office. Keith Witek, COO of Tenstorrent, said: "We are excited about the many investors who believe in our vision."