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Tenstorrent

Open RISC-V AI compute at every scale, from a single card to superclusters.

$2.7 billion
Total Raised

About Tenstorrent

Tenstorrent is a next-generation computing company that builds AI processors, systems and chip intellectual property on the open RISC-V architecture. Its Galaxy servers combine dozens of Blackhole processors, each built around Tensix AI cores, into rack-scale systems that run chatbots, coding assistants and video generators. One architecture spans every size, from a single workstation card to large clusters of networked machines.

Alongside its own hardware, Tenstorrent licenses its TT-Ascalon RISC-V CPU cores and Tensix AI cores to other companies building custom silicon. Samsung and LG are among the licensees using its designs in their own products, and its software stack is open source. The company is led by CEO Jim Keller, the chip architect behind Apple’s A4 and A5 chips, AMD’s Zen processors and Tesla’s self-driving computer. Tenstorrent was founded in Toronto in 2016 and is headquartered in Santa Clara, with offices in Austin, Toronto, Belgrade, Tokyo and Bangalore.

Founded 2016
Employees 1583
Location Santa Clara, California, USA

Founders

L
Ljubisa Bajic
M
Milos Trajkovic
I
Ivan Hamer

Funding History

Series E

October 2026
$1.5 billion
VALUATION: $6.2 billion
Investors: Trace Capital, Innovation X, ARK Invest, Fidelity Management & Research Company, Morgan Stanley, T. Rowe Price, Sandisk, Tether Investments, Eclipse

Series D

December 2024
$693 million
VALUATION: $2.6 billion
Investors: Samsung Securities, AFW Partners, Bezos Expeditions, LG Electronics, Fidelity Management & Research Company, Baillie Gifford

Convertible Note

August 2023
$100 million
VALUATION: Not disclosed
Investors: Hyundai Motor Group, Samsung Catalyst Fund, Fidelity Ventures, Eclipse Ventures, Maverick Capital

Series C

May 2021
$200 million
VALUATION: $1 billion
Investors: Fidelity Management & Research Company, Eclipse Ventures, Epic CG, Moore Capital

Frequently Asked Questions

What does Tenstorrent do?

Tenstorrent builds AI processors and rack-scale Galaxy servers on the open RISC-V architecture, and licenses its TT-Ascalon CPU cores and Tensix AI cores to other companies building custom silicon.

Who leads Tenstorrent?

Tenstorrent is led by CEO Jim Keller, the chip architect behind Apple's A4 and A5 chips, AMD's Zen processors and Tesla's self-driving computer. The company was founded in 2016 by Ljubisa Bajic, Milos Trajkovic and Ivan Hamer.

How much funding has Tenstorrent raised?

Tenstorrent has raised about $2.7 billion in total, including a $1.5 billion Series E in October 2026 that valued the company at $6.2 billion, and a $693 million Series D in December 2024.

How is Tenstorrent different from Nvidia?

Tenstorrent builds on RISC-V, an open architecture with no licensing fees, instead of a proprietary stack. It also licenses its chip designs to other companies and sells one architecture at every scale, from a single card to superclusters.

Latest News about Tenstorrent

Disclaimer: The information presented above is based on our internal editorial research and publicly available information from company websites, announcements, databases, and other online sources. While we strive to keep profiles accurate and up to date, we recommend conducting your own independent research before making any business, investment, or partnership decisions. Read our research methodology.

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Last Updated October 2026

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