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Tenstorrent Raises $1.5B, Valuation Climbs to $6.2B

1 reports1 sources10/19/2026 updated

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Tenstorrent has secured a $1.5 billion funding round, boosting its valuation to $6.2 billion—more than double the $2.6 billion it was valued at previously. The company announced that its Galaxy server platform can now run the DeepSeek AI model, a milestone that underpins its strategy to expand open‑weight AI chip offerings and video‑generation workloads. The new capital will be deployed to scale the production of chips that support open‑weight models and to accelerate development of video‑generation capabilities. Tenstorrent’s leadership highlighted the importance of these technologies for the broader AI ecosystem, positioning the firm as a key player in the rapidly evolving AI hardware market.

Written with AI from the reporting · updated 10/19/2026

Latest developmentOct 20, 02:37
Tenstorrent raises $1.5 billion at $6.2 billion valuation to scale open-weight AI chips
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  1. 1Unclassified fact stationOct 19, 00:00recorded Oct 20, 03:10single sourcerevised

    Tenstorrent 完成 1.5 亿美元融资

    Read original source ↗ TechCrunch · AIReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    tenstorrent
    Action：
    完成融资
    Object：
    完成融资
    Occurred (fact side)：
    Oct 19, 00:00
    TechCrunch · AI ↗Report pageRevision 2 · currently revised
    Published (valid side)：
    Oct 20, 02:37
    First seen (known side)：
    Oct 20, 03:10
    Fact stationSingle source · one-sided claimRevised

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Oct 20
  1. TechCrunch · AIRelated fact: single sourceSource report revised
    Tenstorrent raises $1.5 billion at $6.2 billion valuation to scale open-weight AI chips

    Report first recorded Oct 20, 03:10

    Tenstorrent, a chip startup focused on AI inference, closed a $1.5 billion Series C round at a $6.2 billion valuation, more than doubling its previous valuation of $2.6 billion. The funding, led by Trace Capital and Innovation X, will be used to scale servers and chips tailored for serving open-weight AI models and video generation, following the company's demonstration that its Galaxy servers can run DeepSeek models.

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