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Announced

Completed

Fidelity Management led a $200m funding round in Tenstorrent.

Financials

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Transaction Value£141m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

Minority

Private

Friendly

artificial intelligence

Cross Border

Completed

Private Equity

machine learning technology

Acquisition

Venture Capital

Computer Hardware

Synopsis

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Fidelity Management, an American multinational financial services corporation, led a $200m funding round in Tenstorrent, a Toronto-based artificial intelligence and machine learning technology company. Additional investors include Eclipse Ventures, Epic CG and Moore Capital. “We are bringing to market a highly programmable chip at an accessible price point as a means of driving innovation. AI is going to transform the data-center and Tenstorrent’s architecture is best positioned to address this data-written future by being a developer focused solution," Jim Keller, Tenstorrent CTO.

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