Tenstorrent secures $1.5 billion USD at $6.2-billion valuation to challenge GPU dominance

Canadian-founded, United States (US)-based AI infrastructure company Tenstorrent announced today that it has closed $1.5 billion USD ($2.1 billion CAD) in Series E funding to fuel its global expansion plans. The equity round, which was led by new US investors Trace Capital and Innovation X, gives Tenstorrent a post-money valuation of $6.2 billion USD (almost $8.8 billion CAD), more than twice the $2.6 billion USD mark that Tenstorrent was valued at when the company closed its nearly $700-million