# Tenstorrent raises $1.5bn at $6.2bn valuation

> Tenstorrent reportedly raised $1.5bn in Series E funding at a $6.2bn post-money valuation.

*The AI chip start-up's Series E, reported by Tech Startups, more than doubles its valuation from December 2024.*

By Bez · FeaturedDaily
Canonical: https://featureddaily.com/news/tenstorrent-raises-1-5bn-at-6-2bn-valuation

**What happened:** AI chip start-up Tenstorrent announced a $1.5 billion Series E at a $6.2 billion post-money valuation, according to [Tech Startups](https://techstartups.com/2026/10/19/startup-funding-news-today-october-19-2026-tenstorrent-nouscom-even-healthcare-vessla-more/).

**The numbers:** The valuation more than doubles that of its December 2024 financing, per the report. Across its two latest major rounds, Tenstorrent has raised more than $2.19 billion.

**Who's behind it:** Trace Capital and Innovation X led the round. Other participants include ARK Invest, Fidelity Management & Research, Morgan Stanley, T. Rowe Price, SanDisk, Cadence Ventures, Tether Investments, Eclipse, Protagonist, Maverick Silicon and XTX Markets.

**In their words:** Tech Startups reports the purpose plainly: "The fresh capital will support volume manufacturing of Galaxy systems and broader commercial expansion."

**The context:** Galaxy is Tenstorrent's server system line. The company also licenses AI and CPU chip IP to companies building custom silicon.

**The catch:** The figures rest on one outlet. A separate secondary report cites an SEC filing for a roughly $1.29 billion Series E closed in August 2026 and says no official valuation had been announced. That report's numbers differ from Tech Startups', and the discrepancy is unresolved.

**Why it matters:** A round of this size, with this mix of investors, puts Tenstorrent's Galaxy systems and chip IP licensing on a much larger financial footing than its previous raise.

**What's next:** Tenstorrent's own release is the figure to watch. Until it confirms the amount and valuation, treat the $1.5 billion and $6.2 billion numbers as reported, not confirmed.

## Key takeaways

- Series E reportedly totals $1.5bn
- Post-money valuation: $6.2bn
- Money funds Galaxy server manufacturing

## Sources

- [Startup Funding News Today, October 19, 2026: Tenstorrent, Nouscom, Even Healthcare, Vessla & More](https://techstartups.com/2026/10/19/startup-funding-news-today-october-19-2026-tenstorrent-nouscom-even-healthcare-vessla-more/) — Tech Startups, 2026-10-19