Tenstorrent Secures $1.5 Billion In Series E Funding Round Co-Led By Trace Capital
Tenstorrent, a Toronto-based AI chip startup led by CEO Jim Keller, raised $1.5 billion in a Series E funding round co-led by Trace Capital and Innovation X, bringing its valuation to $6.2 billion . The company will u…
Tenstorrent, a Toronto-based AI chip startup led by CEO Jim Keller, raised $1.5 billion in a Series E funding round co-led by Trace Capital and Innovation X, bringing its valuation to $6.2 billion. The company will use the funds to ramp up global production of its AI servers, advance its open-source RISC-V computing ecosystem and expand its workforce as it competes with Nvidia in the AI hardware market.
FOUNDERS: Ljubisa Bajic, Ivan Hamer & Milos Trajkovic
INVESTORS: Trace Capital, Innovation X, Protagonist, Morgan Stanley, Fidelity Management & Research Company, ARK Invest, T. Rowe Price, Agostinelli Group, Brett Barna, Cadence Ventures, Eclipse, Maverick Silicon, Sandisk, Tether Investments, Troluce Capital, Virtu Financial, XTX Markets
ROUND: Series E AMOUNT: $1,500,000,000 VALUATION: $6,200,000,000
HQ: Santa Clara, California
#VentureCapital #Tenstorrent #Ljubisa Bajic #TraceCapital #TradedVC
ABOUT THE DEAL
- Raise
- $1.5B
- Round
- Series E
- Company
- Tenstorrent
- Desk
- Deals
- Filed
- Oct 19, 2026
- Founders
- Ljubisa Bajic
- Ivan Hamer
- Milos Trajkovic
- Investors
- Trace Capital
- Innovation X
- Protagonist
- Morgan Stanley
- Fidelity Management
- Research Company
- ARK Invest
- T. Rowe Price
- Agostinelli Group
- Brett Barna
- Cadence Ventures
- Eclipse
- Maverick Silicon
- Sandisk
- Tether Investments
- Troluce Capital
- Virtu Financial
- XTX Markets
