TREE NEWS update: Tether Capital, the investment arm of stablecoin issuer Tether, participated in a $1.5 billion Series E funding round for AI chip company Tenstorrent, valuing the company at $6.2 billion post-round. Tenstorrent, led by chip architect Jim Keller, develops high-performance AI processors, server systems and software aimed at open AI computing infrastructure. The company plans to use the proceeds to scale production of its Galaxy server systems, advance AI chip and CPU development and expand global commercial operations.
Tether Capital joins Tenstorrent’s $1.5B Series E at $6.2B valuation
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AI take
Tether Capital's participation in a large AI chip round is a notable signal of stablecoin-linked capital moving into hard tech rather than staying within crypto rails, though the item gives no indication of ticket size or strategic terms. The deal matters most for Tenstorrent's ability to scale Galaxy server production and for the open AI computing niche it targets against larger chip incumbents. What's worth watching is whether Tether Capital's involvement is a one-off allocation or the start of a broader pattern of stablecoin treasuries funding AI infrastructure.
Generated by AI for reference only.
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