Tether Capital Joins Tenstorrent's $1.5 Billion AI Funding Round

Tether Capital, Tether's investment arm, joined AI chipmaker Tenstorrent's $1.5 billion funding round, backing an expansion of the servers and chip designs used to run artificial intelligence systems. Tenstorrent closed the Series E round at a $6.2 billion post-money valuation. Trace Capital and Innovation X led the financing. Tenstorrent announced the completed round Oct. 19, and Tether Capital confirmed its participation Oct. 20. Tenstorrent plans to use the funding to deploy more Galaxy servers, develop AI and CPU designs that it licenses to chipmakers, and expand its commercial operations globally.

Source: TokenPost