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r/technology · posted by Jon Appleseed✓
· 1h ago
Santa Clara's Tenstorrent raises $1.5B at a $6.2B valuation to take on Nvidia with open RISC-V hardware
Tech Startups - Tech News, Tech Trends & Startup FundingAI chip startup Tenstorrent raises $1.5 billion at $6.2 billion valuation to take on Nvidia - Tech StartupsAI chip startup Tenstorrent has raised $1.5 billion in Series E funding, more than doubling its valuation to $6.2 billion as the Jim Keller-led company steps up its challenge to Nvidia's dominance in AI computing. The funding gives Tenstorrent fresh capital to scale its AI servers and offer busines…https://techstartups.com/2026/10/19/ai-chip-startup-tenstorrent-raises-1-5-billion-at-6-2-billion-valuation-to-take-on-nvidia/1 comments
More than double its last valuation. Jim Keller's pitch is open hardware plus an open-source software stack instead of the CUDA lock-in. The money goes toward scaling their Galaxy servers. They still have to prove it works at Nvidia scale, but it's good to see real competition.