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
How much has Tenstorrent raised?
$1.0Bacross 9 recorded rounds · Feb 2018 – Mar 2026

Most recently, Tenstorrent raised $800.0M in its Later Stage VC (Mar 2026).

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Tenstorrent round by round

9 rounds
Mar 2026Later Stage VC$800.0M▮
+ 4 more investors · free account
Dec 2024Series D1$700.0M▮
+ 10 more investors · free account
Aug 2023Later Stage VC$100.0M▮
Hyundai Motors Grouplead+ 9 more investors · free account
May 2021Series C$200.0M▮
Fidelity Management & Research Companylead+ 4 more investors · free account
Feb 2019Series B$20.7M▮
+ 3 more investors · free account
Feb 2018Early Stage VC$500K▮
+ 2 more investors · free account
+ 3 earlier rounds · a free account shows the full history

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).

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.

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Frequently asked about Tenstorrent

How much has Tenstorrent raised?
Tenstorrent has raised $1.0B in total across 9 recorded funding rounds.
Who are Tenstorrent's lead investors?
Lead investors in Tenstorrent's recorded rounds include Fidelity Management & Research Company, Hyundai Motors Group.
When was Tenstorrent's last funding round?
Tenstorrent's most recent recorded round was Later Stage VC in Mar 2026, raising $800.0M.