Noesion Radarnoesion.ai
Market2026-10-19

Tenstorrent raised $1.5B at a $6.2B valuation. The round more than doubled its prior valuation. Trace Capital and Innovation X led the funding. Other backers included Cadence Ventures, Eclipse, Fidelity, SanDisk and T. Rowe Price. The company chose to remain independent after earlier acquisition interest. It will use the capital to scale chips for open-weight AI models and video generation. Jim Keller is Tenstorrent’s CEO. The company demonstrated Galaxy servers running DeepSeek models.

What changed

Tenstorrent had a $2.6B valuation in late 2024.

What it unlocks

Scaling chips tailored for open-weight AI models and video generation.

  • $6.2B valuation
  • $1.5B raised
  • $2.6B prior valuation
  • $5B acquisition interest

Sources

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