Tenstorrent Raises $693 million Venture Round

Tenstorrent raised $693M in Venture Round financing led by Samsung, with participation from Samsung, AFW Partners, Hyundai, LG. RISC-V AI chip developer. The new capital is framed around Scale Wormhole and Blackhole chip production.

What it does

RISC-V AI chip developer. The business sits in AI & Machine Learning, where funded companies are using fresh capital to deepen product coverage, distribution, or operating capacity.

Traction

RISC-V chips allow customers to modify and own architecture. Management framed the new capital around Scale Wormhole and Blackhole chip production.

Trend impact

Building open-source AI chips to compete with Nvidia. The capital raise matters because it gives the company more room to compete for customers, talent, and mindshare while incumbents and adjacent startups respond with clearer product depth or distribution.

Funding history

• December 1, 2024 · Venture Round · $693 million · Samsung
• December 1, 2024 · Series D · $693 million · Samsung

Products & services

• AI & Machine Learning workflow monitoring tied to the funding announcement
• Customer-facing product described on the company website
• Operational tooling for ai & machine learning teams
• Data capture and reporting across core business processes
• Team expansion support funded by the latest round