ITG NowHome › AI news › Digest, 20 Oct 2026 › Chip startup Tenstorrent raises $1.5B at $6.2B value
TenstorrentOpen source
Chip startup Tenstorrent raises $1.5B at $6.2B value
What happened
Jim Keller's Tenstorrent raised $1.5B to scale inference chips built to serve open-weight AI models.
Why it matters to you
A new challenger to Nvidia, aimed at free models.
Key number: $1.5B raised at a $6.2B valuation (up from $2.6B in late 2024)
Sources
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