FundingSource dated 19 Oct 2026
Tenstorrent closes $1.5B Series E to expand AI server production
Tenstorrent says it closed $1.5 billion in Series E equity financing at a $6.2 billion post-money valuation. Trace Capital and Innovation X led the round. The company plans to expand Galaxy server deployments and develop the AI and CPU designs it licenses to chipmakers.
At a glance
- Amount
- $1.5B
- Type / stage
- Equity · Series E
- Status
- Closed
- Announced
- 2026-10-19 (day)
- Closed
- Unknown
- Investors / lenders
- Trace Capital, Innovation X, 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, XTX Markets
- Valuation
- $6.2B · post money