From The Rio Times · Gabriela Vargas · · 1m 10s
Tenstorrent Raises $1.5 Billion in Series E Funding
Tenstorrent secures $1.5 billion Series E funding at $6.2 billion valuation.
In brief
Tenstorrent secures $1.5 billion Series E funding at $6.2 billion valuation. Tenstorrent raised $1.5 billion in Series E funding at a $6.2 billion post-money valuation to scale AI chip production and deployment. Originally reported by The Rio Times.
Funding Round Details
Tenstorrent raised US$1.5 billion in a Series E round at a US$6.2 billion post-money valuation on 19 October 2026.
Lead Investors
Trace Capital and Innovation X led the round, joined by ARK Invest, Fidelity Management & Research, Morgan Stanley, T. Rowe Price and Tether Investments.
Company Background
Tenstorrent designs AI chips and servers based on RISC-V, an open chip design standard, led by chip architect Jim Keller.
Use of Funds
The company will use funds for volume manufacturing, global commercial expansion, large-scale Galaxy server deployment, and AI/CPU design work.
Valuation Jump
The new valuation is more than double the previous Series D round's US$2 billion pre-money valuation.
Geographic Presence
Tenstorrent is headquartered in Santa Clara, California, with offices in Austin, Toronto, Belgrade, Tokyo and Bangalore.
What This Means
Investors see room for new AI chip designs beyond current suppliers through this funding mix.
The short version
Tenstorrent raised $1.5 billion in Series E funding at a $6.2 billion post-money valuation to scale AI chip production and deployment.
