AI chip startup Tenspresso in talks for new funding round at a potential $500 million valuation

TechFlow reported on November 5, citing Bloomberg, that Tenspresso, an AI chip startup founded just three months ago by former Google AI chip engineers, is in talks for a new funding round at a valuation that could reach $500 million, according to people familiar with the matter. A few weeks ago, the company received a $20 million investment from Striker Venture Partners and completed several key talent hires. Altimeter Capital Management then approached the company to discuss additional investment. The specific funding amount and terms have not been disclosed, and whether the deal will ultimately close remains uncertain.

Source: TechFlow