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News May 21, 2021

Tenstorrent Raises Over $200M in Funding; Valued at $1 Billion

– Tenstorrent is a hardware startup developing next generation computers whose Grayskull processor will go to market in the second half of 2021. – The company raised over $200M in funding round at a $1b valuation. – The round was led by Fidelity Management and Research Company with participation from Eclipse Ventures, Epic CG and Moore Capital. – The new investment will be used to continue creating AI focused hardware for developers.