---
title: "Tenstorrent revenue and valuation"
description: "Tenstorrent's revenue is estimated at $126M–$750M. Valued at $6.2B after raising $2.53B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/tenstorrent.md
canonical_url: https://www.tryspecter.com/revenue-valuation/tenstorrent
publisher: Specter
last_updated: 2026-11-01
---

# 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.

Tenstorrent builds RISC-V AI processors, accelerator systems, and open-source compilers.

- Estimated revenue: $126M to $750M (October 2026)
- Estimated valuation: $5.16B to $7.45B (October 2026)
- Total funding: $2.53B
- Founded: 2016
- Headquarters: Toronto, Canada
- Employees: 1,313
- Sector: AI chips
- Specter Rank: #81,324

## Tenstorrent revenue

Specter's model puts current revenue between $126M and $750M.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $440M | $126M | $750M |
| September 2026 | $360M | $122M | $600M |
| August 2026 | $420M | $158M | $670M |
| July 2026 | $420M | $164M | $670M |
| June 2026 | $400M | $128M | $680M |
| May 2026 | $390M | $86M | $700M |
| April 2026 | $400M | $105M | $690M |
| March 2026 | $370M | $79M | $670M |
| February 2026 | $360M | $83M | $650M |
| January 2026 | $320M | $70M | $580M |
| December 2025 | $340M | $70M | $610M |
| November 2025 | $310M | $89M | $540M |
| October 2025 | $340M | $108M | $570M |
| September 2025 | $320M | $68M | $570M |
| August 2025 | $290M | $83M | $500M |
| July 2025 | $290M | $56M | $520M |
| June 2025 | $270M | $50M | $500M |
| May 2025 | $260M | $44M | $480M |
| April 2025 | $240M | $44M | $440M |
| March 2025 | $210M | $32M | $390M |
| February 2025 | $210M | $39M | $370M |
| January 2025 | $230M | $70M | $400M |
| December 2024 | $181M | $25M | $340M |
| November 2024 | $131M | $37M | $220M |
| October 2024 | $138M | $33M | $240M |
| September 2024 | $130M | $34M | $220M |
| August 2024 | $128M | $31M | $230M |
| July 2024 | $119M | $24M | $210M |
| June 2024 | $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.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $6.2B | $5.16B | $7.45B |
| September 2026 | $6.2B | $4.46B | $8.62B |
| August 2026 | $6.2B | $4.7B | $8.18B |
| July 2026 | $6.2B | $4.89B | $7.86B |
| June 2026 | $6.2B | $5.05B | $7.62B |
| May 2026 | $6.2B | $5.16B | $7.45B |
| April 2026 | $6.2B | $4.69B | $8.19B |
| March 2026 | $6.2B | $4.87B | $7.9B |
| February 2026 | $6.2B | $4.97B | $7.73B |
| January 2026 | $6.2B | $4.95B | $7.77B |
| December 2025 | $6.2B | $5.16B | $7.45B |
| November 2025 | $2B | $1.66B | $2.4B |
| October 2025 | $2.05B | $1.23B | $3.44B |
| September 2025 | $2.11B | $1.29B | $3.45B |
| August 2025 | $2.17B | $1.36B | $3.46B |
| July 2025 | $2.23B | $1.48B | $3.35B |
| June 2025 | $2.29B | $1.59B | $3.3B |
| May 2025 | $2.35B | $1.73B | $3.19B |
| April 2025 | $2.42B | $1.84B | $3.18B |
| March 2025 | $2.48B | $1.92B | $3.22B |
| February 2025 | $2.55B | $2.04B | $3.19B |
| January 2025 | $2.62B | $2.15B | $3.2B |
| December 2024 | $2.69B | $2.24B | $3.24B |
| November 2024 | $1.74B | $1.26B | $3.01B |
| October 2024 | $1.74B | $1.27B | $3B |
| September 2024 | $1.72B | $1.17B | $3.3B |
| August 2024 | $1.67B | $1.14B | $2.99B |
| July 2024 | $2.46B | $1.49B | $3.28B |
| June 2024 | $2.43B | $1.54B | $3.23B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $6.2B | October 2026 | Funding round |
| $6.2B | May 2026 | [tradingview.com](https://www.tradingview.com/news/reuters.com,2026:newsml_L6N4650NI:0-ai-chip-startup-tenstorrent-more-than-doubles-its-valuation-to-6-2-billion-in-funding-round/) |
| $6.2B | December 2025 | [tradingview.com](https://www.tradingview.com/news/seekingalpha:1f14ea4be094b:0-tenstorrent-raises-1-5b-series-e-funding-round-at-6-2b-valuation/) |
| $2B | November 2025 | [crn.com](https://www.crn.com/news/components-peripherals/2025/the-10-hottest-semiconductor-startups-of-2025) |
| $2.69B | December 2024 | Funding round |
| $1B | May 2021 | Funding round |

## Tenstorrent funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 19 Oct 2026 | Series E | $1.5B | $6.2B | Innovation X Advisors, Trace Capital |
| 3 Feb 2026 | Convertible note | Undisclosed | Undisclosed | Undisclosed |
| 2 Dec 2024 | Series D | $693M | $2.69B | AFW Partners, Samsung Securities |
| 2 Aug 2023 | Venture round | $100M | Undisclosed | Samsung Catalyst Fund, Hyundai Motor Group |
| 20 May 2021 | Series C | $200M | $1B | Fidelity |
| 2 Feb 2019 | Series B | $20.7M | Undisclosed | EPIQ Capital Group |
| 8 Feb 2018 | Venture round | $500K | Undisclosed | Undisclosed |
| 31 Aug 2017 | Series A | $12.5M | Undisclosed | Eclipse |
| 21 Dec 2016 | Seed | $850K | Undisclosed | Undisclosed |
| 13 Oct 2016 | Non-equity assistance | Undisclosed | Undisclosed | Undisclosed |

## Tenstorrent vs competitors

The AI silicon market splits between vertically integrated incumbents and modular architecture developers.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Tenstorrent | $126M–$750M | $5.16B–$7.45B |
| NVIDIA (nvidia.com) | $236B–$384B | $4.73T–$17.3T |
| AMD (amd.com) | $40B–$58.3B | $44B–$278B |
| Intel (intel.com) | $49.8B–$72B | $43.5B–$369B |
| Cerebras (cerebras.ai) | $460M–$1.24B | $31.7B–$53.2B |

## Questions

### 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.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Tenstorrent revenue and valuation." tryspecter.com/revenue-valuation/tenstorrent. Updated November 2026.