# Tenstorrent Series E funding round

> Live situation record from CLSTR: https://clstr.news/situations/tenstorrent-series-e-funding-round
> Updated: 2026-10-24T09:41:38.000Z. Sources: 13. Developments: 2.

Tenstorrent, a Toronto-based AI computing hardware startup led by Jim Keller, closed a $1.5 billion Series E funding round. This investment brings the company’s post-money valuation to $6.2 billion.

The funding round was led by Trace Capital and Innovation X, with participation from various investors including Tether Capital, Fidelity Management & Research, ARK Invest, Morgan Stanley, and T. Rowe Price. The company intends to use the capital to scale production of its Galaxy servers, advance its RISC-V-based AI and CPU intellectual property, and expand global commercial operations. Tenstorrent currently provides technology to major companies such as Samsung and LG.

## Timeline

### 2026-10-24: Tenstorrent secures $1.5B in funding round

AI chipmaker Tenstorrent raised $1.5 billion in a Series E round led by Trace Capital and Innovation X, while platform Whop secured $200 million in Series D funding.

4 sources. https://clstr.news/cluster/tenstorrent-and-whop-secure-significant-funding-rounds

### 2026-10-19: Tenstorrent raises $1.5 billion at $6.2 billion valuation

AI chip startup Tenstorrent has raised $1.5 billion in a Series E round, reaching a $6.2 billion valuation to scale its Galaxy servers and RISC-V-based AI hardware production.

9 sources. https://clstr.news/cluster/tenstorrent-raises-15-billion-to-challenge-gpu-market

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Cite as: Tenstorrent Series E funding round. CLSTR, https://clstr.news/situations/tenstorrent-series-e-funding-round