SBI Holdings, Inc. and SBI Investment Co., Ltd. today announced that they have invested in Tenstorrent Inc.

Tenstorrent is a next-generation computing company building computers for AI, and primarily designs AI semiconductors for data centers, automotive and IoT devices, with strengths in developing RISC-V processors and AI processing chips.

The company is headquartered in North America, with offices in Toronto, Austin and Silicon Valley, and global offices in Belgrade, Tokyo, Bangalore, Singapore and Seoul.

Tenstorrent has now completed a Series D fundraising totaling over USD 690 million. In addition to leading venture capitalists (VCs), leading companies in various industries have participated as investors, including SBI Holdings and SBI Investment.

Since its establishment, SBI Investment has focused its investments on growth areas such as the IT sector and biotechnology/life sciences sector. Currently, in addition to the previous investment focus areas of Fintech, AI and blockchain, we are expanding our investment areas to include 5G, IoT and big data, which contribute to the realization of ‘Society 5.0 for SDGs’, and innovative technologies and services in a wide range of industries including robotics, healthcare, infrastructure, food and agriculture, which promote ‘Industry 4.0’.