August 3, 2023
Tenstorrent, the Toronto-based AI computing company, has recently raised a significant $100M in a strategic financing up-round. This funding round was co-led by Hyundai Motor Group and Samsung Catalyst Fund, demonstrating their confidence in Tenstorrent's potential.
In light of this exciting development, Tenstorrent is actively seeking new talent to join their team. The company describes itself as a startup looking for flexible thinkers who are excited by the future of AI. Ideal candidates are calm under pressure, have a laid-back intensity, love problem-solving, are focused and passionate, and want to build great products while having fun doing it. Tenstorrent has offices in multiple locations including Austin, Bengaluru, Beograd, Seattle, Santa Clara, Toronto, UK, Boston, and Tokyo.
Current #Job Listings at Tenstorrent - https://lnkd.in/gMZBZB8d
The funding will be instrumental in accelerating Tenstorrent's product development, particularly in the realm of advanced AI chips. The company, led by acclaimed Silicon Valley chip architect Jim Keller, has already made a name for itself with its innovative AI processor designs based on the open-source RISC-V architecture, as well as its custom AI chips and board-level accelerators.
This investment round also saw participation from other notable entities such as Fidelity Ventures, Eclipse Ventures, Epiq Capital, and Maverick Capital. The broad range of investors underscores the widespread industry interest in Tenstorrent's work and the potential impact of its technology in the AI sector.
The successful funding round not only provides Tenstorrent with the financial resources to continue its innovative work but also positions the company as a significant player in the AI hardware space. With the backing of such high-profile investors, Tenstorrent is poised to make significant strides in the development and application of AI technology.
They have 44 jobs on LinkedIn - https://lnkd.in/gN3MsvUk
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This post is a round up of the following news articles:
1. Tenstorrent Raises $100M in Funding - https://www.finsmes.com/2023/08/tenstorrent-raises-100m-in-funding.html
2. Tenstorrent builds computers for AI (PRNewsfoto/Tenstorrent) - https://www.wvnews.com/news/around_the_web/partners/pr_newswire/subject/venture_capital/tenstorrent-builds-computers-for-ai-prnewsfoto-tenstorrent/image_f9cb28cc-106f-5e63-810b-3d5bb7ef3b79.html
3. Confidence In AI Startup Tenstorrent Spurs $100M Funding Round By Hyundai And Samsung - https://www.forbes.com/sites/davealtavilla/2023/08/02/confidence-in-ai-startup-tenstorrent-spurs-100m-funding-round-by-hyundai-and-samsung/amp/
4. Samsung, Hyundai lead $100 million funding into AI hardware startup Tenstorrent - https://www.marketwatch.com/amp/story/samsung-hyundai-lead-100m-funding-into-ai-hardware-startup-tenstorrent-ba2a3fdf
5. Tenstorrent Raises a $100M Strategic Up-round Co-led by Hyundai Motor Group and the Samsung Catalyst Fund - https://www.wfmz.com/news/pr_newswire/pr_newswire_stocks/tenstorrent-raises-a-100m-strategic-up-round-co-led-by-hyundai-motor-group-and-the/article_b573e92d-acb3-5911-80ec-97552cb4eb68.html