Funding Round Overview

Tenstorrent announced a Series D round on December 2, 2024 totaling $693,000,000 led by Samsung Securities. AI chip startup Tenstorrent raised $693 million Series D at $2.7 billion valuation led by Samsung Securities and AFW Partners. $693M Series D at $2.7B valuation.

Deal Highlights

• Capital involved: $693,000,000.
• Round: Series D.
• Investors: Samsung Securities, AFW Partners, Fidelity, Bezos Expeditions, Hyundai Motor Group.

Company and Sector Context

Tenstorrent builds in the ai chips & hardware sector, one of the most active areas in AI investment today. Based in United States, the company is part of a global wave of startups scaling AI into production across regulated and enterprise environments.

How the Capital Helps

Disclosed details include $693M Series D at $2.7B valuation. In ai chips & hardware, speed to market and access to high-quality talent often determine category leadership.

Competitive Landscape

Funding activity in ai chips & hardware continues to intensify as incumbents and startups race to ship reliable AI systems. This round signals ongoing investor confidence in differentiated technology and defensible distribution.

Looking Ahead

This funding positions Tenstorrent for continued growth in the ai chips & hardware landscape. As AI adoption accelerates across industries, deals like this signal where capital and strategic attention are moving next.