Tenstorrent Completes $1.5 Billion Series E Financing, Valuation Reaches $6.2 Billion

Tenstorrent has completed a $1.5 billion Series E financing, with a post-money valuation of $6.2 billion. The round was led by Trace Capital and Innovation X, with participation from Agostinelli Group, ARK Invest, Cadence Ventures, Fidelity Management & Research Company, Morgan Stanley, Sandisk, Tether Investments, T. Rowe Price, Virtu Financial, and XTX Markets. The funds will be used for mass production of Galaxy servers, global business expansion, and AI and CPU IP research and development.