Tenstorrent sells AI processors and licenses AI and RISC-V IP to customers that want to own and customize their silicon. Both Hyundai Motor Group and Samsung have a strong history of product leadership and enjoy massive success in their respective markets.
Funding led by: Hyundai Motor Group and Samsung Catalyst Fund
Participation from: Fidelity Ventures, Eclipse Ventures, Epiq Capital, Maverick Capital, and others
Total Funding Amount: $334M
Funds Use: Tenstorrent aims to use the investment to expedite product development, and design and develop AI chiplets. The funding will also support the progression of its machine learning software roadmap.
Tenstorrent's high growth potential and high-performance AI semiconductors will help the Group secure competitive technologies for future mobilities - Heung-soo Kim, Executive Vice President and Head of the Global Strategy Office (GSO) at Hyundai Motor Group.
About: Tenstorrent is a Toronto-based tech company specializing in building AI-focused computers. They blends hardware and software technologies to create systems optimized for machine learning tasks, paving the way for more efficient, powerful AI applications.