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Tenstorrent closes $1.5 billion round to scale open-model compute

Tenstorrent says it closed a $1.5 billion Series E at a $6.2 billion post-money valuation, led by Trace Capital and Innovation X. It plans to expand Galaxy server deployment, AI chip and CPU intellectual property, and global sales. The valuation and planned use of proceeds do not establish future sales or performance.

Tenstorrent

$1.5 billion Series E

Funding & Deals

Published (date only)

1 source

Primary source · Tenstorrent · October 19, 2026

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