Tenstorrent raises $693M Series D at a $2B pre-money valuation, led by Samsung Securities and AFW Partners

Tenstorrent

Tenstorrent closed an oversubscribed Series D of over $693 million at a $2 billion pre-money valuation, led by Samsung Securities and AFW Partners, with participation from LG, Hyundai, Fidelity, Bezos Expeditions and others. The capital funds open-source AI software, developer hiring and infrastructure development.

• $693M Series D at $2B pre-money valuation from Samsung Securities and AFW Partners, with $150M in closed deals demonstrating strong market traction.
• Investors include LG Technology Ventures, Hyundai Motor Group, Fidelity, Bezos Expeditions, XTX Markets, Corner Capital and Innovation Engine.
• Capital allocated to open-source AI software stack development, recruiting developers, expanding global development centers and building cloud systems for AI developers.