TechnologyMonday, October 19, 20261 min read

AI chip startup Tenstorrent raised a $1.5B Series E led by Trace Capital and Innovation X at a $6.2B valuation, up from $2.6B after raising $700M in 2024 (Bloomberg)

By Techmeme · Published by Everything Blog

In short

AI chip startup Tenstorrent secured a $1.5B Series E funding round led by Trace Capital and Innovation X, valuing the company at $6.2B, marking a significant jump from its $2.6B valuation after raising $700M in 2024. Bloomberg highlighted this development.

Key points

Tenstorrent raised $1.5B in a Series E round.: Tenstorrent raised $1.5B in a Series E round.
The company's valuation increased from $2.6B to $6.2B.: The company's valuation increased from $2.6B to $6.2B.
The $700M raise in 2024 was the company's largest funding round.: The $700M raise in 2024 was the company's largest funding round.

Sources checked by our analysis pipeline: 1

Anthropic: |

Kai Nicol-Schwarz / CNBC: |

Theo Francis / Wall Street Journal: |

Zack Abrams / The Block: |

Bailey Lipschultz / Bloomberg: |

Phoebe Liu / The Information: |

Matthias Bastian / The Decoder: |

Kevin Townsend / SecurityWeek: |

New York Times: |

Bloomberg: |

Efosa Udinmwen / TechRadar: |

Mark Gurman / Bloomberg: |

Jeremie Eliahou Ontiveros / SemiAnalysis: |

Reed Stevenson / Bloomberg: |

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Allie Garfinkle / Fortune: |

Osmond Chia / BBC: |

Nick Lichtenberg / Fortune: |

Kyu-Seok Shim / Reuters: |

Original source: www.techmeme.com

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AI chip startup Tenstorrent raised a $1.5B Series E led by Trace Capital and Innovation X at a $6.2B valuation, up from $2.6B after raising $700M in 2024 (Bloomberg)

In short

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