Tenstorrent, an AI chip company led by Jim Keller, raises $1.5 billion in a Series E funding round that boosts its post-money valuation to $6.2 billion, according to announcements cited by multiple outlets. The funding is intended to help the company scale its Galaxy server offering.
Quartz and others note the valuation roughly doubles from a prior level, saying Tenstorrent was valued at $2.6 billion in 2024. The Next Web reports Trace Capital and Innovation X lead the round, with participation from a mix of new and existing investors. Bloomberg adds that Tenstorrent had attracted takeover interest earlier in the year.
Across the coverage, outlets largely agree on the round size, the valuation figure, the Series E designation, and the role of investors such as Trace Capital. Differences are mainly in added context: some emphasize the increase relative to the 2024 valuation, while others highlight earlier interest in potential acquisition or the Galaxy servers as the scaling target.
