# Tenstorrent raises $1.5B Series E led by InnovationX

> Tenstorrent, based in United States, has raised $1.5B in a Series E led by InnovationX and Trace Capital, announced on 19 October 2026.

Source: https://millionrounds.com/news/rounds/tenstorrent-series-e-2026-10 (Millionrounds; every figure on the page links to its filing or article)

Raised **$1.5B** 10 sources reported it

Stage **Series E** 1 earlier round on record

Investors **16** 2 named as lead

Where **US** United States

AI Deeptech Hardware & 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.

**#30** equity round of the last twelve months

**#4** Series E of 39 in that time

**#21** round 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

- [**InnovationX** 3 rounds in the last twelve months *Led*](https://millionrounds.com/fund/innovationx)
- [**Trace Capital** 1 round in the last twelve months *Led*](https://millionrounds.com/fund/trace-capital)

Also in the round

- [Fidelity](https://millionrounds.com/fund/fidelity)
- [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management)
- [Eclipse](https://millionrounds.com/fund/eclipse)
- [Tether](https://millionrounds.com/fund/tether)
- [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price)
- [• Ark Invest](https://millionrounds.com/fund/ark-invest)
- [Maverick Silicon](https://millionrounds.com/fund/maverick-silicon)
- [Protagonist](https://millionrounds.com/fund/protagonist)
- [Virtu Financial](https://millionrounds.com/fund/virtu-financial)
- [SanDisk](https://millionrounds.com/fund/sandisk)
- [Cadence Ventures](https://millionrounds.com/fund/cadence-ventures)
- [Agostinelli Group](https://millionrounds.com/fund/agostinelli-group)
- [Brett Barna](https://millionrounds.com/fund/brett-barna)
- [Troluce Capital](https://millionrounds.com/fund/troluce-capital)

## Funding history

- October 2026 Series E **$1.5B**
- December 2024 Series D **$693M**

$2.2B raised across the 2 rounds we hold.

## Reported by

- BetaKit 19 October
- Silicon Angle 19 October
- TechCrunch 19 October
- TechStartups 19 October
- evertiq.com 23 October
- Crunchbase News 23 October
- crypto.news 24 October
- en.cryptonomist.ch 24 October
- tech-insider.org 24 October
- tokenpost.com 24 October

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

## Other big rounds that week

[**Kalshi** $1.0B Series G](https://millionrounds.com/news/rounds/kalshi-series-g-2026-10)[P **Pathos AI** $237M Series E](https://millionrounds.com/news/rounds/pathos-ai-series-e-2026-10)[W **Warhound** $200M Seed](https://millionrounds.com/news/rounds/warhound-seed-round-2026-10)[W **Warp Sciences** $215M Series A](https://millionrounds.com/news/rounds/warp-sciences-series-a-2026-10)[**Xona** $250M Series D](https://millionrounds.com/news/rounds/xona-series-d-2026-10)[**Tractian** $130M Series D](https://millionrounds.com/news/rounds/tractian-series-d-2026-10)

[The company **Tenstorrent on Millionrounds** *→*](https://millionrounds.com/company/tenstorrent)[Weekly roundup **Week of 19 October** *→*](https://millionrounds.com/news/weekly/2026-10-19)[Monthly roundup **October 2026** *→*](https://millionrounds.com/news/monthly/2026-10)

**How this article is made**

We write one for every equity round of $100M or more that at least two sources reported. It is put together from our record of rounds, not rewritten from the reports: the ranks and medians count every equity round we read in the twelve months to the round's date. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)