Tenstorrent Series E: $1.5B

Oct 19, 2026Public sources — Collected from public sources, not yet cross-checked.

Tenstorrent raised $1.5 billion in a series e round led by Trace Capital and Innovation X, announced Oct. 19.

Facts

Company: Tenstorrent
Amount: $1.5 billion
Currency: USD
Stage: Series E
Announced: Oct 19, 2026
Instrument: Equity
Valuation: $6.2 billion (officially disclosed)

Investors

Led by: Trace Capital Innovation X

Use of funds

Fund volume manufacturing of Galaxy servers, develop next-generation hardware and intellectual property, and hiring.

As stated by the company.

Sources

1.Tenstorrent secures $1.5 billion USD at $6.2-billion valuation to challenge GPU dominance — BetaKit, Oct 19, 2026

Public sources — Collected from public sources, not yet cross-checked.Last verified Oct 19, 2026