Big round · 19 October 2026

Tenstorrent raises $1.5B Series E led by InnovationX

By Millionrounds ResearchPublished 20 October 2026Updated 27 October 2026

Tenstorrent, based in United States, has raised $1.5B in a Series E led by InnovationX and Trace Capital, announced on 19 October 2026. 14 other investors joined. It is the 30th largest equity round we recorded in the twelve months to that date, and the 4th largest Series E of 39. The median Series E over the same period was $280M, so this one is 5.4 times that. Its previous round on record was a Series D of $693M in December 2024, 22 months earlier.

Raised$1.5B10 sources reported it
StageSeries E1 earlier round on record
Investors162 named as lead
Where USUnited States

AIDeeptechHardware & Electronics

How big is it?

Against every equity round we recorded in the twelve months to 19 October 2026. Ranks count companies, so the same raise reported twice is counted once.

#30equity round of the last twelve months
#4Series E of 39 in that time
#21round in United States, of 1,215
This round$1.5B
Median Series E$280M

5.4 times the median Series E of the last twelve months.

Who invested

Also in the round

Funding history

  1. October 2026Series E$1.5B
  2. December 2024Series D$693M

$2.2B raised across the 2 rounds we hold.

Reported by

  1. BetaKit19 October
  2. Silicon Angle19 October
  3. TechCrunch19 October
  4. TechStartups19 October
  5. evertiq.com23 October
  6. Crunchbase News23 October
  7. crypto.news24 October
  8. en.cryptonomist.ch24 October
  9. tech-insider.org24 October
  10. tokenpost.com24 October

The round's figures come from these reports; each link opens the original.

Other big rounds that week

Kalshi$1.0B Series GPPathos AI$237M Series EWWarhound$200M SeedWWarp Sciences$215M Series AXona$250M Series DTractian$130M Series D
The companyTenstorrent on Millionrounds→Weekly roundupWeek of 19 October→Monthly roundupOctober 2026→