# Tenstorrent funding: rounds and investors > Tenstorrent has raised $3.0B across 3 rounds since 2024. Investors include Fidelity, Eclipse and InnovationX. Every round with its source. Source: https://millionrounds.com/company/tenstorrent (Millionrounds; every figure on the page links to its filing or article) United States · [Series E startup](https://millionrounds.com/companies) # Who invested in *Tenstorrent* 3 rounds we have observed, with the 28 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Deeptech Hardware & Electronics Semiconductors Raised 1 month ago Valuation: $2.6B, Mar 2026 Follow Tenstorrent and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Ftenstorrent) Funding summary Updated 5 Nov 2026 **$3.0B** raised across 3 rounds since 2024, from 17 sources **$693M** Series D **$800M** Round **$1.5B** Series E - **Latest round:** Series E, $1.5B Oct 2026 - **Led by:** InnovationX and Trace Capital - **Step-up i:** 1.9× - **Investors:** 28 (5 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2025 2026 **$693M** Series D **$800M** Round **$1.5B** Series E - **First round:** Series D, $693M - **Biggest round:** $1.5B - **Usual gap between rounds:** 11 months ## The rounds - **Oct 2026** Series E **$1.5B** *15 new* *2 returning* [InnovationX](https://millionrounds.com/fund/innovationx) Lead [Trace Capital](https://millionrounds.com/fund/trace-capital) Lead [Fidelity](https://millionrounds.com/fund/fidelity) [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) [Eclipse](https://millionrounds.com/fund/eclipse) [Tether](https://millionrounds.com/fund/tether) [• Ark Invest](https://millionrounds.com/fund/ark-invest) [Maverick Silicon](https://millionrounds.com/fund/maverick-silicon) [XTX Ventures](https://millionrounds.com/fund/xtx-markets) [Protagonist](https://millionrounds.com/fund/protagonist) [SanDisk](https://millionrounds.com/fund/sandisk) [Virtu Financial](https://millionrounds.com/fund/virtu-financial) [Agostinelli Group](https://millionrounds.com/fund/agostinelli-group) [Brett Barna](https://millionrounds.com/fund/brett-barna) [Cadence Ventures](https://millionrounds.com/fund/cadence-ventures) [Troluce Capital](https://millionrounds.com/fund/troluce-capital) Reported by BetaKit and 12 others SEC filing: $1.3B sold - **Nov 2025** Round **$800M** *1 returning* [Fidelity](https://millionrounds.com/fund/fidelity) Lead Reported by TechStartups and 1 other - **Dec 2024** Series D **$693M** *13 new* [AFW Partners](https://millionrounds.com/fund/afw-partners) Lead [Samsung Securities](https://millionrounds.com/fund/samsung-securities) Lead [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Fidelity](https://millionrounds.com/fund/fidelity) [Real Ventures](https://millionrounds.com/fund/real-ventures-2) [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [SE Ventures](https://millionrounds.com/fund/se-ventures) [Eclipse](https://millionrounds.com/fund/eclipse) [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions) [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) [LG Electronics](https://millionrounds.com/fund/lg-electronics) [Healthcare of Ontario Pension Plan (HOOPP)](https://millionrounds.com/fund/healthcare-of-ontario-pension-plan-hoopp) [Hyundai Motor Group](https://millionrounds.com/fund/hyundai-motor-group) Reported by Crunchbase News and 1 other ## Funding filed with regulators Tenstorrent filed 3 raises, $185M in all. Filings say how much was sold and to how many investors; they never name the investors. - Apr 2021 **$164M** 34 investors equity, debt SEC Form D - Jan 2019 **$21M** 6 investors equity SEC Form D - Feb 2018 **$500K** 6 investors equity SEC Form D ## Founders and team From the SEC filings it signed: 2 on the team. - **James Keller** Executive Officer, Director i - **Ljubisa Bajic** Executive Officer, Director, Promoter i On the board, as filed i *Greg Reichow* *Ivan Hamer* *Jean-Sebastien Cournoyer* ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series D** 2024 **Round** 2025 **Series E** 2026 [Fidelity](https://millionrounds.com/fund/fidelity) L [Eclipse](https://millionrounds.com/fund/eclipse) [InnovationX](https://millionrounds.com/fund/innovationx) L [AFW Partners](https://millionrounds.com/fund/afw-partners) L [Samsung Securities](https://millionrounds.com/fund/samsung-securities) L [Trace Capital](https://millionrounds.com/fund/trace-capital) L [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) [Real Ventures](https://millionrounds.com/fund/real-ventures-2) [Export Development Canada](https://millionrounds.com/fund/export-development-canada) ## Everyone who backed them [Fidelity](https://millionrounds.com/fund/fidelity) VC firm **3** rounds, led 1 [Eclipse](https://millionrounds.com/fund/eclipse) VC firm **2** rounds [InnovationX](https://millionrounds.com/fund/innovationx) Growth equity **1** round, led 1 [AFW Partners](https://millionrounds.com/fund/afw-partners) VC firm **1** round, led 1 [Samsung Securities](https://millionrounds.com/fund/samsung-securities) Investment bank **1** round, led 1 [Trace Capital](https://millionrounds.com/fund/trace-capital) Growth equity **1** round, led 1 [Plug and Play](https://millionrounds.com/fund/plug-and-play) Accelerator **1** round [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) Private equity **1** round [Real Ventures](https://millionrounds.com/fund/real-ventures-2) Family office **1** round [Export Development Canada](https://millionrounds.com/fund/export-development-canada) Government **1** round [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Private equity **1** round [SE Ventures](https://millionrounds.com/fund/se-ventures) Corporate VC **1** round [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions) Family office **1** round [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) Asset manager **1** round [Tether](https://millionrounds.com/fund/tether) Investment firm **1** round [• Ark Invest](https://millionrounds.com/fund/ark-invest) Growth equity **1** round [Maverick Silicon](https://millionrounds.com/fund/maverick-silicon) Hedge fund **1** round [LG Electronics](https://millionrounds.com/fund/lg-electronics) Corporate VC **1** round [Healthcare of Ontario Pension Plan (HOOPP)](https://millionrounds.com/fund/healthcare-of-ontario-pension-plan-hoopp) VC firm **1** round [XTX Ventures](https://millionrounds.com/fund/xtx-markets) Company **1** round [Hyundai Motor Group](https://millionrounds.com/fund/hyundai-motor-group) Investment firm **1** round [Protagonist](https://millionrounds.com/fund/protagonist) VC firm **1** round [SanDisk](https://millionrounds.com/fund/sandisk) Corporate VC **1** round [Virtu Financial](https://millionrounds.com/fund/virtu-financial) Growth equity **1** round [Agostinelli Group](https://millionrounds.com/fund/agostinelli-group) Growth equity **1** round [Brett Barna](https://millionrounds.com/fund/brett-barna) Angel **1** round [Cadence Ventures](https://millionrounds.com/fund/cadence-ventures) Growth equity **1** round [Troluce Capital](https://millionrounds.com/fund/troluce-capital) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=tenstorrent). ## Also claim to have backed them These 14 firms list Tenstorrent as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Real Ventures](https://millionrounds.com/fund/real-ventures) VC firm Per its own site [Samsung Catalyst Fund](https://millionrounds.com/fund/samsung-catalyst-fund) Corporate VC Per its own site [Fundomo](https://millionrounds.com/fund/fundomo) VC firm Per its own site [Corner](https://millionrounds.com/fund/corner-2) VC firm Per its own site [Archerman Capital](https://millionrounds.com/fund/archerman-capital) Growth equity Per its own site [Hakluyt Capital](https://millionrounds.com/fund/hakluyt-capital) VC firm Per its own site [Ignite Innovation](https://millionrounds.com/fund/ignite-innovation) VC firm Per its own site [1/1 Capital](https://millionrounds.com/fund/1-1-capital) Family office Per its own site [A'Z Angels](https://millionrounds.com/fund/a-z-angels) VC firm Per its own site [Lotus Capital](https://millionrounds.com/fund/lotus-capital) Growth equity Per its own site [Nirvana Group](https://millionrounds.com/fund/nirvana-group) Family office Per its own site [Palo Alto Growth Capital](https://millionrounds.com/fund/palo-alto-growth-capital) Growth equity Per its own site [Realm Capital Ventures](https://millionrounds.com/fund/realm-capital-ventures) VC firm Per its own site [SV8 VC](https://millionrounds.com/fund/sv8-vc) VC firm Per its own site ## Quick answers about Tenstorrent ### Who invested in Tenstorrent? Tenstorrent's investors include Fidelity, Eclipse, InnovationX, AFW Partners and Samsung Securities, and 23 more on record. InnovationX led its latest round. ### How much has Tenstorrent raised? Tenstorrent has raised $3.0B across 3 rounds since 2024. ### When did Tenstorrent last raise? Tenstorrent's most recent round was a Series E of $1.5B in Oct 2026, led by InnovationX. ### What was Tenstorrent's biggest round? Its most recent round, $1.5B in Oct 2026, is also its largest on record. ### Who backed Tenstorrent first? Tenstorrent's first round on record, in Dec 2024, was backed by AFW Partners, Samsung Securities and Plug and Play and 10 others. ### What stage is Tenstorrent at? Tenstorrent's latest named round is a Series E, in Oct 2026. ### Where is Tenstorrent based? Tenstorrent is based in the United States. ### Who led Tenstorrent's rounds? AFW Partners led the Series D in 2024; Fidelity led the Undisclosed round in 2025; InnovationX led the Series E in 2026. ## Companies like Tenstorrent In the same sector, and raised in the last eighteen months. [**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app