Tenstorrent Raises $1.5 Billion at a $6.2 Billion Valuation

AI 📅 Oct 24, 2026 ✍️ Aamir Raza

Tenstorrent Raises $1.5 Billion

The AI chip startup just closed one of the biggest chip funding rounds of the year, announced October 19. LexxWire

The round more than doubles its roughly $2.6 billion mark from the late-2024 Series D. LexxWire

The money funds volume manufacturing of Galaxy servers built to run open-weight AI models. LexxWire

Its RISC-V processors and open software let customers run models on their own hardware, not in someone else's cloud. LexxWire

CEO Jim Keller said the company turned down takeover interest from Intel and Qualcomm to stay independent. LexxWire