On August 3, 2023, Tenstorrent announced that it closed a $100 million strategic financing up-round led by Hyundai Motor Group and Samsung Catalyst Fund, with participation from Fidelity Ventures, Eclipse Ventures, Epiq Capital, Maverick Capital, and others. Tenstorrent sells AI processors and licenses AI and RISC-V IP to customers that want to own and customize their silicon.

Wilson Sonsini Goodrich & Rosati represented Tenstorrent together with the issuer’s Canadian counsel. The Wilson Sonsini team was led by Rob Suffoletta, Nathan Robinson, and Melanie Froh Carver.

For more information, please see Tenstorrent's press release.