The artificial intelligence (AI) chip developer Tenstorrent announced the closing of a $100-million funding round on Aug. 3, which was led by major manufacturing companies Samsung (KS:005930) and Hyundai, among others.
The company said it raised $30 million from Hyundai, $20 million from the automobile manufacturer Kia, and $50 million from the Catalyst Fund by Samsung and other participating investors in the round, including Fidelity Ventures, Eclipse Ventures and Maverick Capital.