---
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id: "c8886ce4951bbed0510bcb8bc0f24a856ea70daee8d01c0bb38f8e81eb354c44"
canonical_url: "https://aidr.today/c8886ce4?lang=en"
title: "AI chip startup Tenstorrent raised a $1.5B Series E led by Trace Capital and Innovation X at a $6.2B valuation, up from $2.6B after raising $700M in 2024 (Bloomberg)"
lang: "en"
requested_lang: "en"
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published_at: "2026-10-19T11:45:00.000Z"
category: "Funding"
topics: ["funding"]
source_urls: ["https://www.techmeme.com/261019/p18","https://techcrunch.com/2026/10/19/tenstorrent-hits-6-2b-valuation-to-scale-open-weight-ai-chips/"]
summary: "AI chip startup Tenstorrent raised a $1.5B Series E led by Trace Capital and Innovation X at a $6.2B valuation, up from $2.6B after raising $700M in 2024."
---

# AI chip startup Tenstorrent raised a $1\.5B Series E led by Trace Capital and Innovation X at a $6\.2B valuation, up from $2\.6B after raising $700M in 2024 \(Bloomberg\)

> [Open the canonical story](<https://aidr.today/c8886ce4?lang=en>)

**Published:** 2026-10-19T11:45:00.000Z
**Category:** Funding
**Topics:** funding

## Summary

AI chip startup Tenstorrent raised a $1\.5B Series E led by Trace Capital and Innovation X at a $6\.2B valuation, up from $2\.6B after raising $700M in 2024\.

## Sources

- [Story source](<https://www.techmeme.com/261019/p18>)
- [Story source](<https://techcrunch.com/2026/10/19/tenstorrent-hits-6-2b-valuation-to-scale-open-weight-ai-chips/>)