By Liza Lin
Canadian tech hardware startup Tenstorrent has raised $100 million in funding from investors, including Hyundai Motor Group and Samsung Electronics. The funding will be used to accelerate the development of the company’s advanced chips used in artificial intelligence (AI).
Advancing AI through Chiplets
Tenstorrent, based in Toronto, plans to use the funding to advance its product developments, as well as design and develop “chiplets.” Chiplets are a revolutionary way to create more powerful chips by stacking pre-existing chips together. This approach allows for greater customization and optimization in AI chip design.
Empowering Customers with Customized Silicon
Led by CEO Jim Keller, Tenstorrent not only sells processors used in AI, but also licenses its technology to customers who want to own and customize their own silicon. This model enables customers to tailor their AI chip solutions to meet their specific needs.
A Shift in the Industry
Taking inspiration from tech giants like AMD and Intel, who have also turned to chiplets, Tenstorrent recognizes the increasing cost and complexity associated with creating even more powerful and advanced chips. Chiplets offer a practical and scalable solution to address these challenges.
In addition to Hyundai Motor Group and Samsung Electronics, other investors in Tenstorrent’s funding round include Fidelity Ventures, Eclipse Ventures, and Epiq Capital. This diverse group of investors underscores the confidence in Tenstorrent’s innovative approach to AI chip development.
Write to Liza Lin for more information.