Tenstorrent

Tenstorrent is a technology company.

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Updated: Feb 17, 2026 ·

Recent News & Mentions

Dec 1, 2024FundingTenstorrent - Series D Aug 1, 2023FundingTenstorrent - Venture Round May 1, 2021FundingTenstorrent - Series C Feb 1, 2019FundingTenstorrent - Series B Aug 1, 2017FundingTenstorrent - Series A

Financial History

Tenstorrent has raised $1.0B across 5 funding rounds. Most recently, it raised $690.0M Series D in December 2024.

Total Raised

$1.0B

Valuation

N/A

Funding Rounds Raised

Date	Round	Other Investors
Dec 1, 2024	$690.0M Series D	11, E1 Ventures, K2 Global, Maven Ventures, Social Capital, Tribe Capital, Adeel Hussain, Bill Gates, Mattia Astori, Mo El-Bibany, Siddharth Singhal
Aug 1, 2023	$100.0M Venture Round	Eclipse Ventures, Menlo Ventures, Norwest Venture Partners
May 1, 2021	$200.0M Series C	Eclipse Ventures, Menlo Ventures, Norwest Venture Partners
Feb 1, 2019	$21.0M Series B	Eclipse Ventures, Menlo Ventures, Norwest Venture Partners
Aug 1, 2017	$13.0M Series A	Eclipse Ventures, Menlo Ventures, Norwest Venture Partners

Financial History

Tenstorrent has raised $1.0B across 5 funding rounds.

Total Raised

$1.0B

Valuation

N/A

Deep Dive

High-Level Overview

Tenstorrent is a next-generation computing company that designs and builds AI processors, high-performance RISC-V CPUs, and configurable chiplets for scalable AI workloads.[1][2][3] It serves AI developers, researchers, and enterprises by providing efficient hardware alternatives to monolithic chips, targeting edge devices to data centers, with products like Blackhole developer cards, TT-QuietBox systems, and open-source software stacks such as TT-Forge and Tenstorrent Metal.[3][5][6] The company solves the problem of power-hungry, vendor-locked AI hardware by offering modular chiplet-based architectures that deliver high performance at lower power, fostering an open ecosystem without proprietary barriers.[1][2][6] Growth momentum includes raising over $200 million at a $1 billion valuation, strategic partnerships with LG, Samsung, Hyundai, LSTC in Japan, and acquisitions like Blue Cheetah Analog Design.[3][5]

Origin Story

Tenstorrent was founded in 2016 by Jim Keller, a renowned semiconductor architect known for his work on AMD chips and Tesla's Dojo, initially based in Toronto, Canada.[1][4] Co-founder Milos Trajkovic leads systems engineering and foundational software, while other key figures like Jasmina Vasiljevic (Pathfinding and Tenstorrent Metal) and Wei-Han Lien (Chief Architect for RISC-V and chiplets) bring expertise in AI, HPC, and hardware-software co-design.[2] The idea emerged from Keller's vision to challenge NVIDIA's dominance with innovative, scalable AI hardware using chiplets and open RISC-V cores, gaining early traction through investor backing from Eclipse Ventures, Real Ventures, Samsung Catalyst Fund, and Hyundai Motor Group.[1][3]

Core Differentiators

Chiplet Architecture: Uses modular chiplets for scalable performance from milliwatts (edge) to megawatts (data centers), unlike NVIDIA's monolithic designs, enabling flexible composition with cohesive power, security, and management.[1][3]
Tensix Cores and TT-Ascalon RISC-V: Custom Tensix processors feature array math units for tensors, SIMD for vectors, NoC for inter-core communication, embedded RISC-V processors, and 1.5MB SRAM per core; RISC-V CPUs scale from 2-wide to 8-wide for heterogeneous AI/HPC workloads.[1][2]
Open-Source Software Stack: TT-Forge (MLIR-based compiler in public beta), Tenstorrent Metal (low-level framework), and full GitHub ecosystem support all toolchains without vendor lock-in, easing developer adoption.[2][5][6]
Developer Ecosystem: Blackhole cards, cloud access via Koyeb, Discord community, and tools like TT-Metalium prioritize ease-of-use, with active contributions to RISC-V and partnerships for IP like Arteris NoC and Movellus.[5][6]

Role in the Broader Tech Landscape

Tenstorrent rides the AI hardware democratization trend, leveraging RISC-V's open instruction set and chiplet modularity amid exploding demand for efficient edge-to-cloud AI inference, including generative AI.[1][3] Timing is ideal post-NVIDIA dominance, as market forces like power constraints, supply chain diversification, and "Post 5G" initiatives (e.g., Japan collaboration with LSTC) favor heterogeneous compute combining RISC-V CPUs with AI accelerators.[3] It influences the ecosystem by accelerating open-source AI (e.g., contributions to RISC-V, MLIR compilers) and enabling partners like LG, Moreh, and AIREV to build agentic AI stacks, reducing reliance on closed platforms.[2][5]

Quick Take & Future Outlook

Tenstorrent is poised to scale with next-gen chiplet AI/HPC solutions, expanding RISC-V deployments, Blackhole products, and global partnerships amid rising edge AI needs.[3][5] Trends like software 2.0, open compilers, and heterogeneous silicon will propel it, potentially capturing share in data centers and edge via cost-effective scalability.[2][6] Its influence may evolve from NVIDIA challenger to ecosystem enabler, unlocking programmable AI hardware as chiplets become industry standard—redefining efficiency from Toronto's vision to global disruption.[1][3]

Sources

Frequently Asked Questions

How much funding has Tenstorrent raised?

Tenstorrent has raised $1.0B in total across 5 funding rounds.

Who are Tenstorrent's investors?

Tenstorrent's investors include 11, E1 Ventures, K2 Global, Maven Ventures, Social Capital, Tribe Capital, Adeel Hussain, Bill Gates, Mattia Astori, Mo El-Bibany, Siddharth Singhal, Eclipse Ventures.