# Tenstorrent Raises $1.5 Billion in Series E Funding

> Tenstorrent secures $1.5 billion Series E funding at $6.2 billion valuation.
- Title: Tenstorrent Raises $1.5 Billion in Series E Funding | Shortify
- Summary: 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…
- Keywords: tenstorrent, series e, ai chips, risc-v, galaxy servers, jim keller, santa clara, us$1.5 billion, post-money valuation, us$6.2 billion, news, world
- Source: The Rio Times — https://riotimesonline.com/tenstorrent-raises-1-5-billion-series-e
- Author: Gabriela Vargas
- Published: 2026-10-20T02:37:03+00:00
- Read time: 1 min
- Topics: tenstorrent, series e, ai chips, risc-v, galaxy servers, jim keller, santa clara, us$1.5 billion, post-money valuation, us$6.2 billion, news, world
## 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.
## Key takeaway

Tenstorrent raised $1.5 billion in Series E funding at a $6.2 billion post-money valuation to scale AI chip production and deployment.