Tether Invests in Tenstorrent's $1.5 Billion Series E Funding

AI computing company Tenstorrent has completed a $1.5 billion Series E funding round, achieving a post-money valuation of $6.2 billion. This round was led by Trace Capital and Innovation X, with participation from both new and existing investors including Agostinelli Group, ARK Invest, Brett Barna, Cadence Ventures, Eclipse, Fidelity Management & Research Company, Maverick Silicon, Morgan Stanley, Protagonist, Sandisk, T. Rowe Price, Tether Investments, Troluce Capital, Virtu Financial, and XTX Markets. Tenstorrent will use these funds to scale up the deployment of Galaxy servers, continue to provide services for open-weight models in the fields of large language models and video generation, and advance its AI and CPU IP business aimed at licensing custom chip designs to clients.

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