Accelerating AI industry with a unique business model: monetization across hardware and IP
Country: Canada
Founded: 2016
Valuation: $2 bn
Team: Jim Keller
About Company
Tenstorrent sells AI processors and licenses AI software solutions and IP around RISC-V, the open source instruction set architecture used to develop custom processors for a range of applications. Combining RISC-V, AI and Chiplets creates a huge opportunity that leverages their unique differentiation: performance, efficiency and flexibility. The Company is building a unique business model that can monetize across hardware and IP, making profit even as large enterprises switch to in-house chips.
Key Investors
Key Highlights
- 5x projected revenue growth in 2025 (conservative) - $90 m in contracts signed during H2 2023 alone - Unique positioning: low-cost accessible AI chip developer - Monetization through selling IP rights (AI software stack) and hardware (AI processors and chiplets) - Neutral jurisdiction to serve customers from all around the globe - Top-tier investors: Samsung, Hyundai, Fidelity, ARK VC - Team: leaders and chip-designers from Intel, Apple, AMD, Tesla, and others. They brought to market ARM Cortex, AMD CPUs, Qualcomm CPUs, Tesla Autopilot, Apple M CPUs, Google Tensor, and others - IPO: projected in 2-3 years at 3x valuation from the current round
About Company
Tenstorrent sells AI processors and licenses AI software solutions and IP around RISC-V, the open source instruction set architecture used to develop custom processors for a range of applications. Combining RISC-V, AI and Chiplets creates a huge opportunity that leverages their unique differentiation: performance, efficiency and flexibility. The Company is building a unique business model that can monetize across hardware and IP, making profit even as large enterprises switch to in-house chips.
Key Investors
Key Highlights
- 5x projected revenue growth in 2025 (conservative) - $90 m in contracts signed during H2 2023 alone - Unique positioning: low-cost accessible AI chip developer - Monetization through selling IP rights (AI software stack) and hardware (AI processors and chiplets) - Neutral jurisdiction to serve customers from all around the globe - Top-tier investors: Samsung, Hyundai, Fidelity, ARK VC - Team: leaders and chip-designers from Intel, Apple, AMD, Tesla, and others. They brought to market ARM Cortex, AMD CPUs, Qualcomm CPUs, Tesla Autopilot, Apple M CPUs, Google Tensor, and others - IPO: projected in 2-3 years at 3x valuation from the current round