Funding round
Tenstorrent Series E
Tenstorrent, which works in AI compute hardware manufacturing in Santa Clara, raised $1.50B in a Series E round announced on 19 Oct 2026, led by Trace Capital and Innovation X, at a $6.20B post-money valuation. 16 firms took part, with 1 individual investor. It is Tenstorrent's sixth venture round on record; the one before was a Series D in Dec 2024.
$1.50B
Amount raised
$6.20B
Post-money valuation
$4.70B pre-money
16
Investors
2 leads
2.3x
Step-up from the Series D
$2.70B in Dec 2024
24%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tenstorrent at $6.20B after the new money, 2.3 times the $2.70B of its Series D (Dec 2024). The $1.50B bought investors about 24% of the company. It came 22 months after Tenstorrent's Series D. It is 60% of the $2.51B Tenstorrent has raised in the venture rounds on record. No later venture round is on record for Tenstorrent.
Tenstorrent's funding rounds
Tenstorrent has 6 venture rounds on record. This one is highlighted.
- Series A 8 Feb 2018 $500K
- Series B 23 Jan 2019, led by EPIQ Capital Group $21M
- Growth 20 May 2021, led by Fidelity Management and Research Company $200M$1.00B post-money
- Series C 2 Aug 2023, led by Hyundai Motor Group and Samsung Catalyst Fund $100M
- Series D 2 Dec 2024, led by Samsung Securities and AFW Partners $693M$2.70B post-money
- Series E this round 19 Oct 2026, led by Trace Capital and Innovation X $1.50B$6.20B post-money
Investors
Who put money in
Trace Capital and Innovation X led the round with 14 other firms.
Lead investors
- new investor
- Innovation X new investor
Also in the round
- Agostinelli Group new investor
- ARK Invest backs 29 venture-backed companies new investor
- Cadence Ventures new investor
- Eclipse backs 79 venture-backed companies new investor
- Fidelity Management & Research Company new investor
- Maverick Silicon new investor
- Morgan Stanley backs 120 venture-backed companies new investor
- backs 26 venture-backed companies new investor
- Sandisk new investor
- T. Rowe Price new investor
- Tether Investments new investor
- Troluce Capital new investor
- Virtu Financial new investor
- XTX Markets new investor
Individual investors: Brett Barna.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Legora Tech Companies | 21 Oct 2026 | $550M | $8.80B | Atreides Management |
| Tech Companies | 21 Oct 2026 | $250M | $2.30B | Scaleup Europe Fund |
| Tech Companies | 6 Oct 2026 | $120M | $1.90B | Citi |
| Tech Companies | 14 Oct 2026 | $100M | not disclosed | Infinitum Partners |
| Tech Companies | 14 Oct 2026 | $90M | not disclosed | Healthier Capital and Crosslink Capital |
| Utility companies | 2 Oct 2026 | $80M | not disclosed | 1GT |
| Stoke Space Aerospace and Defence | 8 Sep 2026 | $1.00B | $10.00B | Point72 Ventures and Spark Capital |
| Temporal Tech Companies | 14 Sep 2026 | $550M | $12.55B | Lightspeed Venture Partners and Wellington Management |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Tenstorrent raise in its Series E round?
Tenstorrent raised $1.50B in its Series E round, announced in Oct 2026.
Who led Tenstorrent's Series E round?
Trace Capital and Innovation X led it, with Agostinelli Group, ARK Invest, Cadence Ventures, Eclipse and Fidelity Management & Research Company and 9 more.
What was Tenstorrent's valuation at the Series E round?
$6.20B post-money ($4.70B pre-money).