Tenstorrent raises $1.5B to reach a $6.2B valuation, focusing on AI inference chips. The startup, founded over a decade ago, demonstrates its Galaxy servers can run DeepSeek models. Funds will support scaling chips for open-weight AI and video generation, competing with Nvidia’s dominance. Backers include Trace Capital, Cadence Ventures, and Fidelity.
Stand Insurance secures $70 million in funding, reaching a $1 billion valuation. The company uses real-time data and 3D modeling to assess wildfire risk for homes, comparing them to aircraft in flight for dynamic risk pricing. This approach aims to provide more accurate insurance underwriting based on immediate environmental factors.
Oxide Computer raises $445 million in a Series D led by returning backer Eclipse Capital to expand manufacturing capacity. Its rack combines computing, storage, and networking in a pre-integrated package with 24 sleds, each powered by an AMD CPU, alongside features for network reliability, data redundancy, and power management. Oxide says it has scaled manufacturing capacity 20-fold over the past 12 months but still faces demand beyond supply, and plans to develop a sled that can host a graphics card.
