Tenstorrent, led by chip expert Jim Keller, successfully raised $1 billion in funding, with participation from Samsung and Hyundai.

According to the latest news, Tenstorrent successfully completed a new round of US$100 million in financing on August 5, in which Hyundai Motor Group and Samsung Catalyst Fund, a venture capital company owned by Samsung, participated in the investment

Jim Keller, a great figure in the semiconductor industry known as the "Silicon Immortal" , is the key reason why Tenstorrent was able to obtain huge investments from both companies. In addition to the company’s strength, Tenstorrent had not appeared before 2021, but Keller’s joining as chief technology officer and The president announced their presence. Then in January 2023, Keller became the company's CEO and also joined the board of directors

Jim Keller's veteran experience began at DEC, where he was involved in the Alpha processor design work, and then worked at AMD for two years, focusing on launching K7 and K8

Keller served as chief architect at SiByte/Broadcom for four years, responsible for MIPS network interface design; worked at PA Semi for four years, Then worked at Apple for four years, focusing on the design of A4 and A5

After two years at AMD, he served as vice president and chief core architect, responsible for the development of new generation CPU architectures K12 and Zen

In the next two years, he served as vice president of autonomous driving hardware engineering at Tesla and successfully developed a fully autonomous driving chip

According to Tenstorrent, the company’s start-up team members all have more than ten years of experience. Years of industry experience, having worked in chip companies such as AMD, Intel, ARM, Altera, etc.

This is Tenstorrent’s 7th round of financing

. The key difference is that previous financings were all related to risks. Cooperate with investors, and this time directly with technology companies. Tenstorrent offers a unique and interesting service to its partners: they not only manufacture high-performance chips, but also license technology solutions

According to Jennifer Crow, Vice President of Tenstorrent President, Hyundai Motor Company planned to initially invest US$10 million (approximately 71.8 million yuan), but after Tenstorrent engineers solved the technical problems, the investment increased to US$50 million

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