Tenstorrent revenue and valuation
Specter estimates Tenstorrent's annual revenue at $126M to $750M and its valuation at $5.16B to $7.45B. The company was priced at $6.2B in October 2026.
- Estimated revenue
- $126M–$750M
- Estimated valuation
- $5.16B–$7.45B
- Total funding
- $2.53B
- Founded
- 2016
- Headquarters
- Toronto, Canada
- Employees
- 1,313
Tenstorrent revenue
Specter's model puts current revenue between $126M and $750M.
Monthly data
| Month | Specter estimate | Low | High | Reported revenue |
|---|---|---|---|---|
| $440M | $126M | $750M | ||
| $360M | $122M | $600M | ||
| $420M | $158M | $670M | ||
| $420M | $164M | $670M | ||
| $400M | $128M | $680M | ||
| $390M | $86M | $700M | ||
| $400M | $105M | $690M | ||
| $370M | $79M | $670M | ||
| $360M | $83M | $650M | ||
| $320M | $70M | $580M | ||
| $340M | $70M | $610M | ||
| $310M | $89M | $540M | ||
| $340M | $108M | $570M | ||
| $320M | $68M | $570M | ||
| $290M | $83M | $500M | ||
| $290M | $56M | $520M | ||
| $270M | $50M | $500M | ||
| $260M | $44M | $480M | ||
| $240M | $44M | $440M | ||
| $210M | $32M | $390M | ||
| $210M | $39M | $370M | ||
| $230M | $70M | $400M | ||
| $181M | $25M | $340M | ||
| $131M | $37M | $220M | ||
| $138M | $33M | $240M | ||
| $130M | $34M | $220M | ||
| $128M | $31M | $230M | ||
| $119M | $24M | $210M | ||
| $133M | $27M | $240M |
Tenstorrent valuation
Tenstorrent's valuation rose from $1B at its Series C in May 2021 to $6.2B at its Series E in October 2026. Specter's live estimate sits between $5.16B and $7.45B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $6.2B | $5.16B | $7.45B | $6.2B (round) | |
| $6.2B | $4.46B | $8.62B | ||
| $6.2B | $4.7B | $8.18B | ||
| $6.2B | $4.89B | $7.86B | ||
| $6.2B | $5.05B | $7.62B | ||
| $6.2B | $5.16B | $7.45B | $6.2B (press) | |
| $6.2B | $4.69B | $8.19B | ||
| $6.2B | $4.87B | $7.9B | ||
| $6.2B | $4.97B | $7.73B | ||
| $6.2B | $4.95B | $7.77B | ||
| $6.2B | $5.16B | $7.45B | $6.2B (press) | |
| $2B | $1.66B | $2.4B | $2B (press) | |
| $2.05B | $1.23B | $3.44B | ||
| $2.11B | $1.29B | $3.45B | ||
| $2.17B | $1.36B | $3.46B | ||
| $2.23B | $1.48B | $3.35B | ||
| $2.29B | $1.59B | $3.3B | ||
| $2.35B | $1.73B | $3.19B | ||
| $2.42B | $1.84B | $3.18B | ||
| $2.48B | $1.92B | $3.22B | ||
| $2.55B | $2.04B | $3.19B | ||
| $2.62B | $2.15B | $3.2B | ||
| $2.69B | $2.24B | $3.24B | $2.69B (round) | |
| $1.74B | $1.26B | $3.01B | ||
| $1.74B | $1.27B | $3B | ||
| $1.72B | $1.17B | $3.3B | ||
| $1.67B | $1.14B | $2.99B | ||
| $2.46B | $1.49B | $3.28B | ||
| $2.43B | $1.54B | $3.23B |
Tenstorrent funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Series E | $1.5B | $6.2B | Innovation X Advisors, Trace Capital | |
| Convertible note | Undisclosed | Undisclosed | Undisclosed | |
| Series D | $693M | $2.69B | AFW Partners, Samsung Securities | |
| Venture round | $100M | Undisclosed | Samsung Catalyst Fund, Hyundai Motor Group | |
| Series C | $200M | $1B | Fidelity | |
| Series B | $20.7M | Undisclosed | EPIQ Capital Group | |
| Venture round | $500K | Undisclosed | Undisclosed | |
| Series A | $12.5M | Undisclosed | Eclipse | |
| Seed | $850K | Undisclosed | Undisclosed | |
| Non-equity assistance | Undisclosed | Undisclosed | Undisclosed |
Tenstorrent competitors
The AI silicon market splits between vertically integrated incumbents and modular architecture developers.
| Company | Revenue | Valuation |
|---|---|---|
| $126M–$750M | $5.16B–$7.45B | |
| $236B–$384B | $4.73T–$17.3T | |
| $40B–$58.3B | $44B–$278B | |
| $49.8B–$72B | $43.5B–$369B | |
| $460M–$1.24B | $31.7B–$53.2B |
Tenstorrent revenue and valuation FAQ
What is Tenstorrent's revenue?
Specter estimates Tenstorrent's annual revenue at $126M to $750M as of October 2026.
What is Tenstorrent's valuation?
Tenstorrent's latest post-money valuation is $6.2B, from an October 2026 Series E. Specter's live estimate is $5.16B to $7.45B.
How much funding has Tenstorrent raised?
$2.53B across 10 rounds, from a non-equity assistance in October 2016 to a $1.5B Series E in October 2026.
Who invested in Tenstorrent?
39 investors, including AFW Partners, Hyundai Motor Group, Innovation X Advisors, Samsung Catalyst Fund, Samsung Securities and Trace Capital.
Who are Tenstorrent's competitors?
NVIDIA, AMD, Intel and Cerebras. Specter ranks 30 competitors for Tenstorrent.