Tenstorrent raises $1.5 billion Series E led by Trace Capital and Innovation X

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Tenstorrent, which builds AI computing, raised $1.5 billion (€1.34 billion) in a Series E led by Trace Capital and Innovation X, with ARK Invest, Sandisk and XTX Markets among backers. The money goes to Galaxy servers at scale and the AI and CPU designs it licenses to companies that design their own chips.

Legal AI firm Legora's $550 million (Series E, led by Atreides Management) and Whop's $200 million (Series D, Sequoia and Shopify Ventures) look modest beside it. The smallest entry was energy-tech start-up Linkener, at €7.5 million, led by Alantra's Klima Energy Transition Fund.