Skip to main content

Tenstorrent Funding Rounds & Valuation History (2021–2026)

Private Valuation & Funding Round Tracker · Tenstorrent

Tenstorrent funding rounds & valuation history

Tenstorrent, the Jim Keller-led AI chip company (Toronto and Santa Clara) that designs RISC-V CPUs and AI accelerators and sells its chip IP to other designers. Funding from the Series C (May 2021) to the Series E (Oct 2026), sourced to Tenstorrent, TechCrunch, Reuters via CNA and BetaKit.

Last updated: (IST). Every figure re-checked against the linked sources that day. Rows: 3 Currency: US$, nominal
⬇ Download CSV Cite this dataset Methodology & status definitions
Last closed round Closed
$6.2B
$1.5B Series E, Oct 2026
Raised in rounds listed
$2.393B
Sum of 3 closed rounds with a disclosed amount (GNF calc.)
Largest round
$1.5B
Series E, Oct 2026
Closed rounds listed
3
May 2021 to Oct 2026

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Showing 3 of 3 rows
Tenstorrent funding rounds, May 2021 to Oct 2026
DateStatusRoundAmountLead / buyerValuationVal. ÷ run-rateSource
Closed round
Series EWith ARK Invest, Cadence Ventures, Eclipse, Fidelity, Morgan Stanley and others (Tenstorrent).
$1.5B
Trace CapitalWith: Innovation X
$6.2BPost-money, stated by Tenstorrent
—Not disclosedNo run-rate stated in the announcement
Tenstorrent, 19 Oct 2026Also: TechCrunch, 19 Oct 2026, Reuters via CNA, 19 Oct 2026
Closed round
Series DValuation shown is the company-stated pre-money figure. TechCrunch (Oct 2026) described the late-2024 valuation as $2.6 billion.
Over $693M
Samsung SecuritiesWith: AFW Partners
$2B pre-moneyPre-money, stated by Tenstorrent
—Not disclosedNo run-rate stated in the announcement
Tenstorrent, 2 Dec 2024Also: Reuters via CNA, 19 Oct 2026
Closed round
Series CWith Eclipse Ventures, Epic CG, Moore Capital and Real Ventures (BetaKit).
Over $200M
Fidelity Management and Research Company
$1BStated by Tenstorrent
—Not disclosedNo run-rate stated in the announcement
BetaKit, 20 May 2021Also: Tenstorrent, May 2021
Step-up = valuation ÷ the prior closed valuation (GNF calc.), shown only where both figures were stated or reported and neither is a lower bound.

Valuation at each closed round

Valuations as stated or reported at each closed round with a disclosed figure; talks, tenders and filings are not plotted.

Sources: Tenstorrent, TechCrunch, Reuters via CNA, BetaKit. US$ billions, linear scale.

Timeline

Each round and share sale, oldest first.

  1. 20 May 2021 · Closed

    Series C: Over $200M at $1B led by Fidelity Management and Research Company.

  2. 2 Dec 2024 · Closed

    Series D: Over $693M at $2B pre-money led by Samsung Securities.

  3. 19 Oct 2026 · Closed

    Series E: $1.5B at $6.2B led by Trace Capital.

Still private: Tenstorrent has not filed for an IPO and has not been acquired. TechCrunch reported in October 2026 that the company had drawn acquisition interest from Intel and Qualcomm about five months earlier; it raised its Series E instead.

Cite this dataset

Free to quote with a link back. Copy this citation:

Tenstorrent Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 14 Nov 2026. https://growthnavigatefunding.net/funding/tenstorrent/

Download the data

The same 3 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File
tenstorrent-rounds.csv (UTF-8, comma-separated)
Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/tenstorrent-rounds.csv
Columns
id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated
(IST)
⬇ Download CSV

Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

The $100M strategic convertible note of August 2023 co-led by Hyundai Motor Group and Samsung Catalyst Fund (a convertible, not a priced round; Tenstorrent, BetaKit), earlier seed to Series B rounds, and debt.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

  • : Dataset first compiled (AI-50 batch, not yet published).

Sources

  1. Tenstorrent: Tenstorrent Announces a $1.5B Series E at a $6.2B valuation, 19 Oct 2026
  2. TechCrunch: Tenstorrent hits $6.2B valuation to scale open-weight AI chips, 19 Oct 2026
  3. Reuters (via CNA): AI chip startup Tenstorrent more than doubles its valuation to $6.2 billion in funding round, 19 Oct 2026
  4. Tenstorrent: Tenstorrent closes $693M+ of Series D funding led by Samsung Securities and AFW Partners, 2 Dec 2024
  5. BetaKit: Hardware startup Tenstorrent raises over $200 million in funding, claims $1 billion valuation, 20 May 2021
  6. Tenstorrent: Tenstorrent Raises over $200 million at $1 billion Valuation to Create Programmable, High Performance AI Computers, May 2021