Tenstorrent Raises $1.5B Series E at $6.2B Valuation to Scale AI Compute

Tenstorrent has closed $1.5 billion in Series E funding at a $6.2 billion post-money valuation, the company announced on October 19, 2026. Trace Capital and Innovation X led the round, which the AI computing company said will fund volume manufacturing and global commercial expansion. Other participating investors, a mix of new and existing backers, include Agostinelli Group, ARK Invest, Brett Barna, Cadence Ventures, Eclipse, Fidelity Management & Research Company, Maverick Silicon, Morgan...