Tenstorrent
Funding History
| Series C · 05/2021 | $1.0B |
|---|---|
| Series D · 12/2024 | $2.6B |
About
Tenstorrent Inc. designs AI accelerator processors and the open-source software stack that runs on them, targeting AI training and inference workloads as an alternative to incumbent GPU vendors.
- Founded
- 2016
- Headquarters
- Santa Clara
- CEO
- Jim Keller
- Total funding raised (approx.)
- ~$1 billion
- Latest valuation
- $2.6 billion (late 2024, post-money)
- Latest round
- Series D
- Toronto employees (2024)
- ~140
- Global office count
- 11 locations across North America, Europe, and Asia
Overview
Tenstorrent is an AI processor design company that builds computer hardware and open-source software for artificial intelligence workloads. The company was founded in Toronto, Canada in 2016 by Ljubisa Bajic, a former AMD and Nvidia semiconductor architect, and later relocated its headquarters to Santa Clara, California.
The company designs its own family of AI accelerator chips -- including the Grayskull, Wormhole, and Blackhole processor lines built around its 'Tensix' core architecture -- along with Galaxy server systems that scale those chips into larger AI compute clusters. Tenstorrent pairs this hardware with an open-source software stack, including the TT-Metalium low-level programming stack and the TT-Forge MLIR-based compiler, which is designed to work with PyTorch, JAX, and ONNX.
Jim Keller, the veteran chip architect known for his work at AMD, Apple, Tesla, and Intel, joined Tenstorrent as chief technology officer in December 2020 and became chief executive officer in January 2023. Under Keller, Tenstorrent has positioned itself as an alternative to Nvidia in AI accelerator silicon, drawing strategic investment from chipmakers and automakers including Samsung, Hyundai, and Kia.
Tenstorrent operates 11 offices across North America, Europe, and Asia, including Fort Collins, Boston, and Austin in the US; Toronto in Canada; Belgrade, Munich, and Warsaw in Europe; and Bengaluru, Pangyo, and Tokyo in Asia.
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