Tenstorrent Valuation, Funding & Investors

Xsight Labs is a Tel Aviv-headquartered developer of chiplet-based processors for data center workloads including AI training and inference. The company designs scalable compute architectures using advanced packaging to boost performance per watt in cloud environments. Its Orion platform targets hyperscale data centers with disaggregated cores for machine learning acceleration. Founded in 2021, Xsight Labs partners with TSMC for fabrication and focuses on rack-scale systems deployable by 2025.

Sunrise is a Shenzhen-based developer of high-performance GPUs for AI training, edge computing, and graphics processing. The company designs chips like the Sunhope series with up to 512 tensor cores, targeting data centers and autonomous vehicles. Manufacturing through TSMC processes, Sunrise supplies modules to Chinese hyperscalers and exports to Southeast Asia. Founded in 2018, it competes in the domestic semiconductor market amid US export restrictions.

Kunlun Chip operates as Baidu's dedicated AI semiconductor division. Beijing-based Kunlunxin designs processors such as Kunlun 1 for inference and Kunlun 2 for training, integrated into Baidu Cloud and PaddlePaddle deep learning platform. The chips deliver performance for computer vision, natural language processing, and recommendation systems in data centers.

Rebellions is a Seoul-based semiconductor company specializing in AI accelerator chips for large-scale inference workloads. Its ATOM family includes Lite, Max, and rack-scale systems, while the REBEL-Quad chiplet features HBM3E memory for high-bandwidth performance. The firm offers a software stack with SDK and compiler supporting PyTorch 2.0 and vLLM for generative AI deployments. Founded in 2020, Rebellions prioritizes energy efficiency in data centers, serving hyperscale cloud providers and AI service operators across Asia and North America.

Photonic is a Vancouver-headquartered company constructing a networked quantum computing platform using optically-linked silicon spin qubits. Its technology integrates photonics connectivity over telecom-band fiber for scalable, fault-tolerant quantum modules and networking.

Upscale AI is a high-performance networking company delivering full-stack solutions for AI clusters. Santa Clara-headquartered, it provides Ethernet switches and NICs optimized for GPU interconnects in NVIDIA DGX systems. Upscale's RDMA over Ethernet supports 400Gbps ports for hyperscale data centers. Deployed by cloud providers in Asia, it scales to 10,000-node fabrics.

SiFive designs customizable RISC-V processor cores and IP for embedded systems, IoT devices, automotive, and datacenter applications. Its Freedom platform includes microcontrollers, high-performance CPUs, and vector extensions with associated EDA toolchains. Santa Clara-headquartered SiFive licenses cores to Samsung, Western Digital, and Andes Technology. Founded in 2015, the company shipped over a billion RISC-V cores by 2023, powering chips from Qualcomm and NVIDIA partners.

SemiDrive is a Nanjing-based developer of automotive processors for ADAS, autonomous driving, and smart cockpits. Its X9H series supports L2+ autonomy with 8-core ARM Cortex-A and NPU delivering 4 TOPS, manufactured on SMIC 16nm. The company supplies chips to Chinese OEMs like Great Wall Motor and BYD for domain controllers.

Ricursive Intelligence is a frontier AI lab founded in December 2025 by former Google DeepMind researchers Dr. Anna Goldie and Dr. Azalia Mirhoseini that automates and accelerates semiconductor design through a self-improving recursive loop. By building platforms that use artificial intelligence to design next-generation silicon chips—which in turn provide the advanced compute needed to train more powerful AI models—the company aims to shift the semiconductor industry toward a "designless" paradigm that bypasses traditional hardware bottlenecks on the path to artificial superintelligence.

Enflame is a designer of AI training chips for cloud data centers under the Suiyuan Technology brand. Headquartered in Beijing, China, the company produces high-performance accelerators like the ET series supporting TensorFlow and PyTorch frameworks. Deployments power training workloads for Baidu and Tencent hyperscale clusters with architectures optimized for transformer models.

Lightmatter is a Boston-headquartered designer of photonic computing chips that accelerate matrix multiplications for AI inference and training using silicon photonics. The Passage interconnect links GPU clusters with optical switches, while Envise processors target data center workloads in cloud and telecom sectors.

NextSilicon is an Israeli semiconductor startup, founded in 2018 by Elad Raz, that develops high-performance computing chips built on a custom dataflow architecture combined with software algorithms to accelerate compute-intensive workloads. Its chips target supercomputing applications such as molecular dynamics, DNA sequencing, clean energy research, and natural disaster modeling, and the company collaborates with major supercomputing centers, including Sandia National Laboratories, on its Maverick chip series. NextSilicon is also developing the Arbel RISC-V processor as part of its product roadmap.

Positron is a provider of specialized hardware accelerators for transformer model inference in generative AI applications. Its chips deliver high-throughput processing with reduced power usage compared to GPU alternatives. The platform supports every model in the Hugging Face Transformers library and exposes an OpenAI-compatible API endpoint. Developers deploy custom-trained models directly onto Positron hardware for edge and cloud deployments in natural language processing and computer vision tasks.

Nord Quantique is a Sherbrooke-based quantum computing company developing second-generation processors using bosonic codes for error correction. The firm targets fault-tolerant systems for applications in cryptography, optimization, and simulation. Its technology integrates superconducting circuits and photonic interfaces, with prototypes tested in Canadian research labs.

Core Scientific Inc is engaged in designing, building and operating digital infrastructure for high-performance computing. The business operates in three operating segments; Digital Asset Self-Mining, consisting of performing digital asset mining for the own account, Digital Asset Hosted Mining, consisting of providing hosting services to third parties for digital asset mining, and HPC Hosting, consisting of providing hosting services to third parties for graphics processing unit (GPU) based HPC hosting operations. The majority of revenue is derived from the Digital Asset Self-Mining Segment.

D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.

Northern Data AG is a Business-to-Business technology company developing, using, and selling solutions on vertically integrated computing infrastructure. Its segment includes Peak Mining; Taiga Cloud and Ardent Data Centers. Geographically, it operates in Europe (excluding Germany), North America, and Germany. The company derives maximum revenue from Europe.

Fixstars Corp is a Japan based software company. It offers multicore processors and application acceleration for the next generation of memory technology that delivers high speed IO as well as power savings. The solutions offered by the company are quantum computing, IoT, machine learning and FPGA. It operates in the business areas of Automotive, Flash storage, Industrial equipment, Finance, Healthcare and HPC. The company's products are M-cubed, Geometric Performance Primitives, FlashAir and Yellow Dog Appliance Server.