Announced
Completed
Financials
Tags
Canada
Minority
Private
Friendly
artificial intelligence
Cross Border
Completed
Private Equity
machine learning technology
Acquisition
Venture Capital
Computer Hardware
Synopsis
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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