Samsung Securities and Korean VC firm AFW Partners led the Series D round for the hardware startup, joined by new investors Healthcare of Ontario Pension Plan (HOOPP), Export Development Canada (EDC), Toronto’s Georgian and Jeff Bezos’s family office. (The Logic)
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Samsung Securities and Korean VC firm AFW Partners led the Series D round for the hardware startup, joined by new investors Healthcare of Ontario Pension Plan (HOOPP), Export Development Canada (EDC), Toronto’s Georgian and Jeff Bezos’s family office. (The Logic)
Talking point: Tenstorrent, one of several startups challenging Nvidia’s dominance in AI compute, has developed chips specialized for running machine-learning models. It sells servers to data-centre operators, and also licenses its intellectual property to companies that want to build their own hardware. As The Logic first reported, Toronto-founded Tenstorrent quietly relocated to the U.S. in November 2023 under CEO Jim Keller, a renowned semiconductor designer. The deal marks the first time HOOPP has backed a Canadian AI startup, while EDC has also invested in model maker Cohere.
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