#USA #New York #Tenstorrent #Jackson Rose #AI Funding

Jackson Rose Backs Tenstorrent in Series D Funding Round

In a significant move within the venture capital landscape, Jackson Rose has announced its contribution to Tenstorrent’s Series D funding round. Joining forces with notable investors such as Bezos Expeditions, LG Electronics, and Hyundai Motor Group, Jackson Rose's participation signals strong confidence in Tenstorrent’s growth and potential in the artificial intelligence sector.

Led by Samsung Securities and AFW Partners, the Series D funding round successfully raised over $693 million, boosting Tenstorrent’s pre-money valuation to an impressive $2 billion. This substantial investment highlights the rising interest in companies that are pioneering advancements in AI technology. Keith Witek, Chief Operating Officer of Tenstorrent, expressed enthusiasm about the partnership. He remarked, “We are excited to be working with Jackson Rose to scale our business for the future.” This collaboration promises a combination of financial backing and strategic insights, aiming to accelerate Tenstorrent’s innovative projects in the AI domain.

Vision for AI Development

Tenstorrent's application of the Series D funding will primarily focus on developing open-source AI software stacks. Furthermore, plans to hire additional developers and expand global development and design centers are on the horizon. The company is also set to build systems and clouds tailored for AI developers, enhancing their technological infrastructure.

Jim Keller, CEO of Tenstorrent, praised the quality of investors involved in this round and noted, “During the fundraising process, I was impressed by how interested our investors were in our open-source approach to software.” This sentiment reflects the shifting dynamics of software ownership, where empowering developers with comprehensive tools is seen as a crucial factor for success.

About Tenstorrent and Jackson Rose

Tenstorrent stands out as a next-generation computing company dedicated to AI. With its headquarters in North America, the company operates in vital tech hubs such as Toronto, Austin, and Silicon Valley, alongside international offices in places like Belgrade, Tokyo, and Singapore. Leveraging expertise across AI software, computer architecture, and silicon design, Tenstorrent is poised to make significant contributions to the tech sphere.

Jackson Rose, headquartered in New Jersey, continues to strengthen its portfolio by investing in pioneering technologies that promise to shape the future. Its commitment to facilitating growth in groundbreaking firms like Tenstorrent underlines Jackson Rose's strategic foresight and dedication to advancing technology.

Conclusion

The collaboration between Jackson Rose and Tenstorrent marks a pivotal moment in the venture capital space, reflecting a robust confidence in AI as a transformative industry. With substantial funding secured, the future is bright for Tenstorrent as it embarks on its ambitious plans to innovate and expand in the tech landscape. Investors and enthusiasts alike are keenly watching how this partnership unfolds in the months and years to come.

For more information about Tenstorrent and Jackson Rose, visit tenstorrent.com or reach out directly to Jackson Rose at [email protected].