Series C+ · 2026-10-19 · AI

Tenstorrent raises $1.50B

AI Score

Amount

$1.50B

Round

Series C+

Lead

Trace Capital, Innovation X

—

Why it matters: Tenstorrent's $1.5B round at a $6.2B valuation, more than double its 2024 mark, shows investors backing an Nvidia challenger aimed at open-weight inference.

Tenstorrent raised $1.5 billion at a $6.2 billion valuation, more than doubling the $2.6 billion it reached in late 2024. The round was led by Trace Capital and Innovation X.

Participants:: Cadence Ventures, Eclipse, Fidelity, SanDisk, T. Rowe Price
Source:: TechCrunch Venture ↗ · Midu summary

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Figures marked company-reported are unaudited. Not investment advice. Request a correction or removal (team@midu.si).

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