On October 19, 2026, Tenstorrent, an artificial intelligence (AI) computing company, announced it has closed $1.5 billion in Series E funding at a $6.2 billion post-money valuation. The round was led by Trace Capital and Innovation X, with participation from new and existing investors including Agostinelli Group, ARK Invest, Brett Barna, Cadence Ventures, Eclipse, Fidelity Management & Research Company, Maverick Silicon, Morgan Stanley, Protagonist, Sandisk, T. Rowe Price, Tether Investments, Troluce Capital, Virtu Financial, and XTX Markets. Wilson Sonsini Goodrich & Rosati represented Tenstorrent on the transaction.

Tenstorrent will use the capital to deploy Galaxy servers at scale, continue serving open-weight models across large language models (LLMs) and video generation, and advance the AI and central processing unit (CPU) intellectual property it licenses to customers designing their own silicon.

The Wilson Sonsini team that advised Tenstorrent on the transaction included Robert Suffoletta, Darius Dills, and Kira Nash.

For more information, please see Tenstorrent’s news release. Additional coverage can be found in Reuters and Bloomberg.