Tether, the world’s leading stablecoin issuer, participated through its investment arm Tether Capital in Tenstorrent’s Series E funding round, a company specializing in artificial intelligence chips. This operation, totaling 1.5 billion dollars, values the company at 6.2 billion dollars, a significant increase from its 2 billion dollar valuation in the Series D round in December 2024. The funds will be used to scale Galaxy server production, advance artificial intelligence and processor technology development, and expand commercial operations globally. Tenstorrent already counts major clients such as Samsung and LG, and the investment aligns with Tether’s strategy to decentralize artificial intelligence computing power.
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