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Tenstorrent October financing

News Oct 19, 2026

TechCrunch reports a $1.5 billion Tenstorrent financing at a $6.2 billion valuation to expand chips for open-weight inference and video generation.

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Tenstorrent-branded green circuit board with a central chip and surrounding components.
Archival Tenstorrent hardware photograph used in TechCrunch's October 19 funding report. The source asset dates to 2023; it is not a new chip announcement or evidence of the reported Galaxy demonstration's performance. Source: Tenstorrent / TechCrunch
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Tenstorrent October financing timeline

TechCrunch reported on October 19, 2026, that inference-chip company Tenstorrent raised $1.5 billion at a $6.2 billion valuation. The report names Trace Capital and Innovation X as the round’s leaders and says the capital will support chips for serving open-weight models and video generation.

The article also relays Jim Keller’s explanation to Bloomberg that the company chose to remain independent after demonstrating DeepSeek models on its Galaxy servers. That is an attributed account of the company’s financing decision, not a published throughput, power-use or price comparison with competing hardware.