Tenstorrent raises $1.5B Series E at $6.2B valuation
Tenstorrent Inc., an AI chip startup, announced a $1.5 billion Series E financing led by Trace Capital and Innovation X. The round pushes the company's valuation to $6.2 billion, up from $2.6 billion after it raised $700 million in 2024.
Key points
- Tenstorrent secured $1.5 billion in a Series E round led by Trace Capital and Innovation X.
- The financing lifts Tenstorrent’s valuation to $6.2 billion, up from $2.6 billion after a $700 million raise in 2024.
- Earlier in the year the company attracted takeover interest, highlighting growing demand for AI‑accelerator chips.
Earlier this year Tenstorrent attracted takeover interest, reflecting heightened market focus on AI‑accelerator hardware. The new capital is intended to expand chip production and R&D to meet growing demand from generative‑AI workloads.
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