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Tenstorrent

Application Specific Semiconductors · Santa Clara, CA · Founded 2016 · Privately Held (backing)

Developer of application-specific integrated circuit processors designed to provide training and adaptability to algorithms. Tenstorrent is based in Santa Clara, CA and was founded in 2016. It was valued at $3.2 billion at its later-stage round in Mar 2026, the last priced event on record. It has raised $1 billion across 9 recorded rounds; the latest was an $800 million later-stage round in Mar 2026.

PMV mark · valuation
$3.2B
Oct 2026
Priced at
its later-stage round
Mar 2026
Total raised
$1.0B
Last round
Later Stage VC
Mar 2026

Tenstorrent key facts

as of Oct 2026
  • Developer of application-specific integrated circuit processors designed to provide training and adaptability to algorithms.
  • Tenstorrent is valued at approximately $3.2B as of Oct 2026, set at its later-stage round, Mar 2026; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $1.0B across 9 recorded rounds; the latest was Later Stage VC ($800.0M) in Mar 2026.
  • Notable investors include Plug and Play Tech Center, Creative Destruction Lab, Fidelity Management & Research Company, SBI Investment, University of Toronto — 58 tracked in total.
  • 6 institutional filers report fund marks on Tenstorrent across 180 filings.
  • 2 investment vehicles were formed to buy Tenstorrent shares in the last 12 months, reporting $31.0M sold to 342 investors, per SEC Form D filings.
  • Tenstorrent has filed 3 Form Ds with the SEC since 2017, most recently Feb 2019 ($20.5M sold to 6 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
MEDIUM confidence
$3.2B

Valued at $3.2B at its later-stage round, Mar 2026. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Institutional fund marks on Tenstorrent

6 filers · latest Jul 2026

6 SEC-registered funds reported 180 fair-value marks on Tenstorrent between Apr 2025 and Jul 2026. Filer-level marks and implied $/share are available to Pro members.

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Tenstorrent funding rounds

9 rounds
Mar 2026Later Stage VC$800.0M▮
Dec 2024Series D1$700.0M▮
Aug 2023Later Stage VC$100.0M▮
May 2021Series C$200.0M▮
Feb 2019Series B$20.7M▮
Full funding history →

Vehicles formed to buy Tenstorrent shares

secondary demand · SEC Form D filings

In the last 12 months, 2 investment vehicles were formed to buy Tenstorrent shares, reporting $31.0M sold to 342 investors across 2 sponsors. Most recent filing Jun 2026.

The vehicle list — each sponsor, filing date, amount sold and investor count — is a Pro table. Unlock the 2 vehicles →

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Tenstorrent leadership

Tenstorrent valuation

Tenstorrent was valued at $3.2 billion at its later-stage round in Mar 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

Recent activity

In the last 90 days, Tenstorrent's record added 20 institutional fund marks (latest period Jul 2026).

How much has Tenstorrent raised?

Tenstorrent has raised $1 billion across 9 recorded rounds since 2016. The largest was an $800 million later-stage round; the most recent was an $800 million later-stage round in Mar 2026. 4 of the rounds disclosed a post-money valuation.

Tenstorrent has filed 3 Form Ds with the SEC since 2017, most recently in Feb 2019 ($20.5 million sold to 6 investors).

Institutional holders and vehicles

6 SEC-registered funds reported 180 fair-value marks on Tenstorrent between Apr 2025 and Jul 2026, in their N-PORT filings. Filer-level marks and implied per-share values are available to Pro members.

In the last 12 months, 2 investment vehicles were formed to buy Tenstorrent shares, reporting $31 million sold to 342 investors across 2 sponsors, per SEC Form D filings (most recent Jun 2026).

Tenstorrent investors

58 investors are on record for Tenstorrent, including Plug and Play Tech Center, Creative Destruction Lab, Fidelity Management & Research Company and SBI Investment. By type, the record holds 19 venture capital firms and 3 family offices. The later-stage round in Mar 2026 drew 4 investors.

Who runs Tenstorrent

11 people are listed on the Tenstorrent team: 8 executives and 3 board members, including Ivan Hamer (Co-Founder) and Jim Keller (Chief Executive Officer). 11 of them have a verified direct contact on file.

Comparable companies

Comparable application specific semiconductors names by valuation on PrivateMarketView: Positron ($5 billion), Lightmatter ($4.6 billion) and SiFive ($3.6 billion).

About Tenstorrent

Developer of application-specific integrated circuit processors designed to provide training and adaptability to algorithms. The company offers computing architectures, acceleration hardware, open-source compilers, and development tools that facilitate workload optimization across scalable systems, enabling organizations in sectors such as tech and semiconductors to improve computational efficiency, model performance, support customization through open architectures, and integrate workloads into diverse operational environments.

Industry
Application Specific Semiconductors
Sector
Information Technology
HQ
Santa Clara, CA, United States
Founded
2016
Employees
454
Ownership
Privately Held (backing)

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