It was another interesting week for AI-related startup funding, with a number of large rounds and quirky companies. The largest financings went to Tenstorrent, a developer of AI processors and systems, and AI lab Flapping Airplanes. The quirkiest round, meanwhile, was undoubtedly a $200 million financing for Warhound, which wants to breed elite military dogs. 1. Tenstorrent, $1.5B, AI infrastructure: Santa Clara, California-based Tenstorrent, a developer of AI processors and systems, secured $1.5 billion in Series E funding. Trace Capital and Innovation X led the round, which set a $6.2 billion valuation for the 10-year-old company. 2. Flapping Airplanes, $1B, foundational AI: Flapping Airplanes, an AI lab with a focus on developing models that cost less to train and run, closed on $1 billion in Series A funding led by Lux Capital and Index Ventures. The round comes less than 10 months after the year-old San Francisco startup raised a $180 million seed financing. 3. ASI, $325M, AI...
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