Real Ventures backed Tenstorrent secures Series A financing

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By Ted Liu

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.

[mepr-active rule=”374″ ifallowed=”hide”]Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! [/mepr-active][mepr-active rule=”374″]According to its regulatory filing, Tenstorrent intended to raise US $11,000,000. Its filing said it had raised none but had held a closing with 6 investors in August 2017. The round was led by Eclipse Ventures with Greg Reichow, Partner at Eclipse Ventures, joining Tenstorrent board that also include Mike Shaver, Partner of Real Ventures, and three co-founders, CEO Ljubisa Bajic (former Director, IC Design/Architect for AMD, Sr. Architect for NVIDIA), Milos Trajkovic (former Manager of Firmware Design Engineering for AMD) and Ivan Hamer (former consulting software/embedded engineer for AMD, PDC, Numark, Akai).[/mepr-active]

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.

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