Real Ventures backed Tenstorrent secures Series A financing

Tenstorrent Inc., a developer of high-performance processor ASICs, specifically engineered for deep learning and smart hardware, has completed a Series A round of financing.

Toronto based Tenstorrent raised undisclosed amount in seed funding from Real Ventures.

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Tenstorrent’s processor is designed to excel at both learning and inference, while being software-programmable to support future innovations in the field of machine learning.

“Our team, made up of alumni from hardware industry leaders like NVIDIA and AMD, is committed to providing the core hardware necessary to increase the pace of deep learning research and enable smart devices to live untethered from the power grid and the Internet,” said Tenstorrent.

photo credit: Recklessstudios via pixabay

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.