Tenstorrent raises $1.5 billion, valued at $6.2 billion

Tenstorrent said October 19, 2026 it raised $1.5 billion in a fifth large private fundraising (Series E), valuing the company at $6.2 billion including the new money. That is more than double its $2.6 billion value in late 2024. Trace Capital and Innovation X led the round, with Fidelity, T. Rowe Price, Eclipse, Cadence Ventures and SanDisk also investing.