Tenstorrent secures $1.5 billion USD at $6.2-billion valuation to challenge GPU dominance
Summary
Tenstorrent closed a $1.5 billion Series E round at a $6.2 billion valuation. The company will use the money to scale Galaxy server manufacturing, develop new hardware and IP, and expand hiring. It also sells AI compute systems and licenses AI and RISC-V IP to customers such as LG and Samsung. Tenstorrent wants to compete with Nvidia by promoting an open, customizable AI infrastructure stack and is preparing for a future IPO.
Funding
Amount
$1.5B
Total raised
Date
October 19, 2026
Announcement date
Investors
Real Ventures, Export Development Canada, Georgian Partners
Lead investors
Company
tenstorrent.com
Funded company
AskAI Classifications
Sectors
No sectors detected
Functions
Developer and IT Infrastructure
Development Platforms
Infrastructure Management
Linked Companies
Tenstorrent
$10M to $25M