Tenstorrent raises $1.5 billion at a $6.2 billion valuation
The funding gives Tenstorrent capital to scale its AI chips as hardware startups seek to challenge Nvidia’s dominance.
• Tenstorrent raised $1.5 billion at a $6.2 billion valuation, more than double its late 2024 valuation.
• Trace Capital and Innovation X led the round after reported acquisition interest from Intel and Qualcomm.
• The company plans to scale chips for serving open-weight AI models and video generation.
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October 19, 2026 24
