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Telecom · Aerospace & defense
The initiative supports the European Commission's ambition to strengthen Europe's sovereignty, security and resilience in critical connectivity infrastructure. It will ensure responsible European governance of key space infrastructure. In addition, it will provide all Mobile Network Operators with open and non-discriminatory access to offer Direct-to-Device (D2D) services to their customers. These services would be offered through a model designed to foster competition, reduce market fragm...
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Oct 19 · 13:13·WebWire
Finance · AI
SANTA CLARA, CA, Oct 19, 2026 - Tenstorrent, the AI computing company, has closed $1.5B in Series E funding at a $6.2B post-money valuation.
The round was led by Trace Capital and Innovation X, with participation from new and existing investors including Agostinelli Group, ARK Invest, Brett Barna, Cadence Ventures, Eclipse, Fidelity Management & Research Company, Maverick Silicon, Morgan Stanley, Protagonist, Sandisk, T. Rowe Price*, Tether Investments, Troluce Capital, Virtu Financial, and XTX Markets.
Tenstorrent will use the capital to deploy Galaxy servers at scale, continuing to serve open-weight models across LLMs and video generation, and advance the AI and CPU IP it licenses to customers designing their own silicon.
Tenstorrent sells AI compute at every level of the stack - from a single card or workstation to racks, superclusters, and custom IP. With an open-source software stack, developers can run frontier models locally and enterprises can deploy models on-prem at industry-leading latency and throughput.
"We built one architecture and sell it at every size," said Jim Keller, CEO of Tenstorrent. "The future of compute is open, scalable, and owned by the people building on it. Our investors believe in that model too, and we appreciate their support."
"Jim and his team bring decades of hands-on silicon, software, and IP experience, and we're excited to partner with Tenstorrent as Galaxy continues to scale," said Ben Mahdavi, Founder at Trace Capital.
"Few companies design the chip and the software that runs on it. Tenstorrent does both, and its video generation results beat industry benchmarks ahead of our expectations," said George Bousis, Co-Founder and Managing Partner at Protagonist. "We are excited to double down in the Series E to back Jim and the team through this next phase of growth."
*Accounts advised by T. Rowe Price Associates, Inc.
About Tenstorrent
Tenstorrent is an AI compute company led by CEO Jim Keller - architect of Apple A4/A5, AMD Zen, and Tesla's Full Self-Driving chip. The company builds RISC-V-based AI processors and systems for developers, enterprises, and sovereign infrastructure worldwide. In addition to servers and workstations, Tenstorrent licenses its TT-Ascalon RISC-V CPU and Tensix AI cores to chip designers including Samsung and LG. Backed by Bezos Expeditions, Samsung, LG Electronics, Hyundai Motor Group, Fidelity Management and Research Company, and others, Tenstorrent operates from Santa Clara, Austin, Toronto, Belgrade, Tokyo, and Bangalore. tenstorrent.com
About Trace Capital
Trace Capital is an investment firm that invests in, acquires, and builds exceptional businesses across stages and industries. The firm takes a long-term, concentrated approach to businesses at the forefront of technological change and the industries being transformed by it.
Trace Capital was founded in 2026 by Ben Mahdavi, who previously co-founded Quiet Capital and led its Access strategy. During his time at Quiet, the firm invested in many of the leading technology businesses of the past decade.
www.tracecap.com
About Innovation X
Founded in 2016 by Roger Monteforte, Innovation X is a late-stage venture capital firm that invests in privately held companies with innovative or disruptive technologies across defense technology, fintech, artificial intelligence, infrastructure, and the space economy. Innovation X Advisors has over $4.5B under management across multiple funds (as reported on Form ADV as of 12/31/2025).
Tenstorrent Media Contact:
Justin Mauldin
Salient PR
achievemore@salientpr.com
737.234.0936
SOURCE: Tenstorrent
Oct 19 · 12:00·ACN Newswire
SaaS · Telecom
Collaboration among Europe's four largest mobile network operators expected to accelerate network integration, expand coverage and improve connectivity for the citizens of Europe Dedicated European-operated ground infrastructure and BlueBird satellite capabilities support service readiness across more than 500 million mob
Oct 19 · 11:25·Business Wire
Aerospace & defense
Prioritise layered, modular C-UAS architectures, scalable low-cost interceptors, rapid production and continuous adaptation to improve cost exchange and resilience.
Prioritise layered, modular C-UAS architectures, scalable low-cost interceptors, rapid production and continuous adaptation to improve cost exchange and resilience.
Oct 19 · 11:06·GlobeNewswire
Aerospace & defense · Logistics
HEFA leads on mature supply chains, while Power-to-Liquid, Alcohol-to-Jet expansion, tighter blending mandates and Asia Pacific growth create key opportunities.
HEFA leads on mature supply chains, while Power-to-Liquid, Alcohol-to-Jet expansion, tighter blending mandates and Asia Pacific growth create key opportunities.
Oct 19 · 11:05·GlobeNewswire
Finance · AI
Stronger-Than-Expected Customer Demand Drives Plans for Immediate Expansion WOBURN, Mass., October 19, 2026--SES AI Corporation ("SES AI," the "Company," "we" or "us") (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today
Oct 19 · 11:00·Business Wire
Aerospace & defense
LAS VEGAS, Oct. 19, 2026 -- NICHOLAS AIR will return to the 2026 National Business Aviation Association Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas, Nevada from October 19-22. The conference serves as the largest annual gathering for the business...
Oct 19 · 10:12·PR Newswire
Aerospace & defense
The global drone market was valued at USD 83.8 billion in 2025 and is projected to increase from USD 96.4 billion in 2026 to USD [read full press release...]
Oct 19 · 10:02·Express Press Release
Finance · Aerospace & defense
Dubai, New York and Starbase, 19 October 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator, and Starlink Mobile today announced that more than 11 million unique VEON customers have now connected to the direct-to-device service at least once in locations where cell signal cannot reach. VEON customers can use satellite-ready apps, share location, and send messages via apps and SMS on their existing LTE compatible phones.
Oct 19 · 10:00·GlobeNewswire
Finance · SaaS
Presentations on the final day of African Mining Week 2026 covered financing, regulation, skills, power and tailings safety across Africa’s mineral value chains.
The final day of African Mining Week (AMW) 2026 in Cape Town on Friday featured a series of technical presentations examining what Africa’s mineral value chains require beyond the mine, from financing and regulation to skills, power and tailings safety.
Financing Value Beyond the Mine
Danie Dörfling-Kruger, Head of Business Development and Marketing at Moore Infinity, opened the day with a presentation arguing that the value of Africa’s minerals is realized in transport corridors and priced in the cost of capital. His analysis estimated that cutting DRC copper transit times from 30 days to 10 could release about $2.7 billion in working capital and save roughly $270 million a year in financing costs. He called on governments to match processing mandates to installed capacity, noting that projects anchored to contracted offtake and transport volumes are the ones securing finance.
New Investment Rules in Southern Africa
Tatenda Mafuriranwa, Partner for Audit, Risk and ESG Advisory at HLB Zambia, outlined regulatory changes in Zambia, Zimbabwe, Malawi and Botswana aimed at increasing domestic processing, including Zimbabwe’s planned ban on lithium concentrate exports from January 2027 and Zambia’s plan to raise procurement reserved for local suppliers from 20% to 40% over five years.
“ESG is no longer a byword. It is no longer a brochure,” he said.
Developing Africa’s Human Mineral Wealth
Noleen Pauls, Board Chair of Women in Mining South Africa, a non-profit network supporting women in the country’s mining industry, called for human capital to be measured with the same rigor as mineral resources. Citing the Minerals Council South Africa, she noted that women now make up 21% of South Africa’s mining workforce, up from about 12% in the late 2010s.
“Human resource loss is still resource loss, even when it doesn’t appear in a production chart,” Pauls explained.
Investment Opportunities in the DRC
Thierry Naweji, Executive Chairman of the SA-DRC Chamber of Commerce, which facilitates trade and investment between the two countries, highlighted power generation as a key opportunity, noting that his company has identified nine projects capable of producing about 800 MW in the southern DRC. He also pointed to a planned battery factory in Zambia’s Copperbelt using lithium from the DRC’s Manono deposit.
“There is a lot of money to be made in the DRC, because everything is needed,” he told delegates.
Trusted Data for Safer Tailings
Pieter-Paul Mooijman, VP Market Growth at Insight Terra, a provider of monitoring software for mining assets, addressed tailings safety and compliance with global and South African standards. “Today, data sits in separate systems and spreadsheets, and broken sensors can go unnoticed for weeks. Meanwhile, dams are getting bigger and storms heavier,” he observed. Insight Terra’s platform combines sensor readings, manual inspections and satellite data in a virtual twin of mine assets, giving operators earlier warning of ground movement and weather risk.
Distributed by APO Group on behalf of Energy Capital & Power.
Oct 19 · 09:00·APO Group
AI · SaaS
Xoople, the company building Earth's System of Record™, and GMV, a global leader in Satellite Control Systems (SCS) and Flight Operations Software (FOS), announced a strategic partnership spanning both the FOS for Xoople's satellite constellation and the downstream development of Earth Intelligence applications. - - Xoople is building a continuously updated representation of physical change across the planet by combining Earth data, scalable cloud infrastructure and advanced AI delivered th...
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Oct 19 · 07:41·WebWire
Aerospace & defense
The Aerostructures Market size was valued at US$ 143.42 billion in 2025 and is projected to reach US$ 251.78 billion by 2033, registering a CAGR of 7.29% from 2026 to 2033. Rising aircraft production, fleet modernization, lightweight composite materials, defense ...
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Oct 19 · 07:40·PR News Releaser