AI computing company Tenstorrent closes $1.5 billion Series E funding round, with participation from Tether Capital and other investors.

Beating AI News Flash: AI computing firm Tenstorrent has closed a $1.5 billion Series E funding round, with participation from Tether Capital and other investors, valuing the company at $6.2 billion. Led by chip architect Jim Keller, Tenstorrent develops high-performance AI processors, servers and software, aiming to provide more open AI computing infrastructure for developers and enterprises. The company plans to use the funds to scale production and deployment of its Galaxy server system, advance AI and CPU technology R&D, and expand global commercial operations. Its technology already serves clients including Samsung and LG, with applications spanning large language models, video generation and other fields. Tether CEO Paolo Ardoino stated that AI should not rely on a small number of tech companies for computing power, noting that open computing infrastructure will help expand AI accessibility. This investment also continues Tether’s footprint in the AI sector; its open-source AI platform QVAC is dedicated to enabling AI to run directly on user devices, reducing reliance on centralized cloud services.