COMPANY INFO
Tenstorrent Inc. is a company founded in 2016 by Ljubisa Bajic, Ivan Hamer, and Milos Trajkovic. It operates in the AI hardware and software industry, specializing in cloud and AI-based deep learning processing units, with approximately 201-500 employees and headquartered in Toronto, Canada. The company's website is tenstorrent.com. Tenstorrent designs and manufactures processors and software engineered to power machine learning and smart hardware, providing scalable solutions from IoT devices to large cloud servers.
Tenstorrent Inc. is a leading innovator in the AI hardware and software industry, founded in 2016 by Ljubisa Bajic, Ivan Hamer, and Milos Trajkovic. Headquartered in Toronto, Canada, with additional offices across North America, Europe, and Asia, Tenstorrent specializes in advanced deep learning processing units designed to power everything from smart IoT devices to large-scale cloud servers. With approximately 370 employees, the company engineers scalable, high-performance processors and supporting software aimed at accelerating machine learning workloads.
Since its inception, Tenstorrent Inc. has built an impressive funding history, raising a total of $1.18 billion across 10 rounds. The company’s funding strategy has focused on significant growth capital to fuel both technological innovation and global expansion. Key milestones include strategic investments from world-renowned corporate and venture capital firms, enabling Tenstorrent to scale its R&D operations, launch industry-leading AI processors, and invest in building out global development centers and cloud infrastructure. The most recent Series D round marked a major step forward in advancing open-source AI software and increasing engineering talent worldwide.
The latest Series D funding round, raising $693 million at a $2B pre-money valuation, was aimed at accelerating the development of Tenstorrent’s open-source AI software stacks, hiring expert developers, expanding international design centers, and enhancing AI development infrastructure.
This Series C round secured $100 million to support Tenstorrent’s continued growth, market expansion, and further development of AI hardware technologies, strengthening their competitive positioning in the global AI market.
Tenstorrent raised $200 million in this significant Series C event to advance technology innovation, fuel organizational expansion, and increase production capabilities to meet surging industry demand.
Additional Series C funding provided $164 million, supporting growth initiatives and advanced technology development for next-generation deep learning processors.
This round raised $20.5 million, specifically targeting scaling operations and expanding market presence to position Tenstorrent for the rapid adoption of AI-driven solutions.
Series A funding of $500,000 was focused on supporting product development and early commercialization efforts.
This additional Series A funding, amount undisclosed, empowered product development and preliminary go-to-market activities.
Seed funding, led by Real Ventures, provided the initial capital for the company’s launch and early product innovation.
Debt financing in this round was used for operational scaling and further geographic expansion.
Supplemental debt funding supported operational needs during periods of rapid organizational growth.
Samsung Securities played a pivotal role in Tenstorrent Inc. funding by leading the most recent Series D round, providing strategic capital for global expansion and product development.
AFW Partners was a lead investor in Tenstorrent’s Series D, helping drive ambitious initiatives in AI software and international R&D.
As a significant participant, XTX Markets adds considerable strength to Tenstorrent’s investor base, reinforcing confidence in Tenstorrent Inc. investment value.
Mesh Ventures contributed to early growth rounds, supporting Tenstorrent’s expansion and research activities.
Export Development Canada backed Tenstorrent as part of its mandate to support Canadian deep tech companies scaling globally.
Healthcare of Ontario Pension Plan (Hoopp) provided investment, showcasing confidence in Tenstorrent’s long-term growth trajectory.
The investment from LG aligned Tenstorrent with industry leaders looking to integrate AI into next-generation consumer and industrial products.
Hyundai Motor Group, active in Series C, represents strategic synergy between AI hardware and the automotive industry.
Fidelity Investments participated across multiple rounds, underscoring its confidence in Tenstorrent’s disruptive potential in AI chips.
Global investment firm Baillie Gifford was among Tenstorrent’s notable backers, lending validation and long-term growth capital.
Bezos Expeditions, the personal fund of Jeff Bezos, invested in Tenstorrent, recognizing its leadership in AI computing.
A key contributor across rounds, Corner Capital Management further anchored Tenstorrent’s funding stability.
Japanese venture firm SBI Investment brought international perspective and support as Tenstorrent expanded into Asia.
Samsung Catalyst Fund stands out as a technology-focused investor supporting innovation in AI infrastructure and scaling.
Fidelity Ventures complemented Fidelity Investments in providing layered support, accelerating Tenstorrent’s roadmap.
Maverick Capital’s participation has extended Tenstorrent’s resources for product innovation and market advancement.
Automotive giant Kia’s investment solidified Tenstorrent’s relevance in smart mobility and AI-powered transport technologies.
EPIQ was instrumental in funding crucial rounds enabling engineering scale-up and global outreach.
Venture firm Eclipse invested in multiple rounds, backing Tenstorrent’s approach to hardware-software co-design and scaled AI acceleration.
Moore Capital Management played a critical role in Series C, enabling Tenstorrent’s leap into industry leadership.
Canadian firm Real Ventures led the Seed round and has been key throughout early-stage growth, providing deep expertise in scaling tech startups.
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