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Startup Tenstorrent aims to build A.I. chips that beat Nvidia’s best


Chip startup Tenstorrent has achieved a key milestone with its latest funding: Unicorn status.

But the company, which is designing specialized chips for running artificial intelligence applications, still has a long way to go to outpace its rivals and capture a significant share of what’s expected to be a huge market.

Earlier this week, Tenstorrent announced that it raised $200 million from a group of investors led by Fidelity Management and including Eclipse Ventures, Epic CG, and Moore Capital. The deal valued five-year-old company at $1 billion, the threshold at which a startup can claim so-called unicorn status.