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AI Chip Startup Tenstorrent More than Doubles Its Valuation to $6.2 Billion in Funding Round

The late-stage round more than doubled Tenstorrent’s valuation as it plans to expand Galaxy server production for chatbots, coding assistants and video generation.

Oct 19 : Tenstorrent said on Monday it raised $1.5 billion in a late-stage funding round that valued the AI chip startup at $6.2 billion post-money, more than doubling its valuation from December 2024.Here are some more details:• The Santa Clara, California-based company said it would use the funding

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Startup Fortune broke the news on Saturday, October 17, 2026.
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