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
Cap table — not yet on record
Tenstorrent's share-class structure hasn't surfaced in our sources yet. Cap tables are assembled from certificates of incorporation, round filings, and disclosures as they land.
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The prices on Tenstorrent
·180 fund marks: filer, period, implied $/share
·2 investment vehicles formed around Tenstorrent: sponsors, sizes, dates