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#138 by ARRToronto, CAtenstorrent.com ↗

Tenstorrent

Tenstorrent designs RISC-V CPU and AI accelerator chips, systems and open-source software, and licenses its IP, for datacenter, enterprise and automotive customers.

ARR

$100M

as of Sep 2026

Employees

~800

as of Oct 2026

Valuation

$6.2B

62× ARR

ARR / employee

$125K

revenue efficiency

About Tenstorrent

Tenstorrent builds and sells AI training and inference chips, servers and developer hardware, backed by an open-source software stack. It also licenses its RISC-V and AI IP to clients who want to customize their own silicon. It is led by CEO Jim Keller. It raised a $693M Series D in December 2024 at a $2.6B post-money valuation, and reportedly a $1.29B Series E in August 2026. Investors include Samsung Securities, AFW Partners, Fidelity, Bezos Expeditions and Hyundai. It employs about 1,280 people (2026).

Investors · 24

LeadAFW PartnersVenture capital2 partners on file

LeadSamsung SecuritiesVenture capital3 partners on file

BoardEclipseVenture capital· Greg Reichow (Partner at Eclipse Ventures)27 partners on file

BoardReal VenturesVenture capital· Jean-Sebastien Cournoyer (Co-Founder and Board Partner at Real Ventures)3 partners on file

InvestorBaillie GiffordAsset manager / other16 partners on file

InvestorCorner CapitalVenture capital1 partner on file

InvestorEclipseVenture capital27 partners on file

InvestorEPIQ Capital GroupVenture capital

InvestorExport Development CanadaVenture capital14 partners on file

InvestorFidelityAsset manager / other15 partners on file

InvestorHealthcare of Ontario Pension Plan (HOOPP)Venture capital3 partners on file

InvestorHyundai Motor GroupVenture capital3 partners on file

InvestorJackson RoseVenture capital1 partner on file

InvestorJeff BezosFamily office

InvestorK2 GlobalVenture capital

InvestorLG Technology VenturesCorporate14 partners on file

InvestorMaverick CapitalHedge / crossover fund

InvestorMenlo VenturesVenture capital18 partners on file

InvestorMESH VenturesVenture capital3 partners on file

InvestorNokiaVenture capital15 partners on file

InvestorNorwest Venture PartnersVenture capital

InvestorPlug and PlayAccelerator6 partners on file

InvestorReal VenturesVenture capital3 partners on file

InvestorSamsung Catalyst FundCorporate2 partners on file

InvestorSBI InvestmentCorporate14 partners on file

InvestorXTX MarketsVenture capital1 partner on file

161 partner contacts across these firms, emails and LinkedIn are in Investor Contacts for paid members.

Deals

Tenstorrent Series EOct 19

Trace Capital (lead), Innovation X · AI chips

$1.5B

val. $6.2B

News, deals & research

DealTenstorrent raises $1.5B Series E at $6.2B valuation led by Trace CapitalOct 19 NewsTenstorrent reportedly raises $1.5 billion at $6.2 billion valuationOct 19

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