Tenstorrent

Tenstorrent designs and manufactures AI hardware and software for data processing and machine learning tasks.

Latest funding

$693M Series B+ · December 2, 2024

Led by AFW Partners · Source: fundraisingfox.com

Latest round on record: Series B+, January 2026, amount undisclosed.

Total raised: $893M across 2 sourced rounds

All 3 rounds ↓

Website: tenstorrent.com.

X: @tenstorrent · 23,944 followers.

GitHub: tenstorrent.

LinkedIn: tenstorrent-inc..

Categories: AI infrastructure and compute Robotics and hardware Developer tools and cloud.

Sectors: AI Infrastructure, Application Specific Integrated Circuit (ASIC), Artificial Intelligence (AI), Electronics, Machine Learning.

Stage: Series B+.

Based in: Toronto, Canada.

Founded: 2016.

Total raised: $893M in 2 sourced rounds.

Last round: Jan 7, 2026 · 312 days ago.

Headcount: 1001–5000 employees.

On Recent Funding since: Sep 29, 2026.

Signals

X account@tenstorrent · created Feb 6, 2017 (9 years old) · 23,944 followers

Website registeredMar 27, 2016 (10 years old)

About Tenstorrent

It provides solutions for computational performance, including multi-server configurations for AI workloads and workstations. Tenstorrent sells cards, servers, and workstations, and licenses its flexible IP for specific workloads. Its customers include developers and researchers in artificial intelligence.

TIMELINE · MONEY RAISED

Tenstorrent | 1880 days from website to first raise on record

@tenstorrent·Raised $893M in 2 sourced rounds·2 signals before the first raise

Money raised, round by round (amounts linked to their source). Pins are dated signals; hover the icons for dates.

Funding rounds

Date	Round	Amount	Lead	Source
Jan 7, 2026	Series B+	undisclosed	—	fundraisingfox.com
Dec 2, 2024	Series B+	$693M	AAFW Partners	fundraisingfox.com
May 20, 2021	Series B+	$200M	FFidelity Management & Research Company	betakit.com

Timeline

February 6, 2017
X account created
March 27, 2016
Website created

Founders and team

IH
Ivan Hamer Founder

LinkedIn
LB
Ljubisa Bajic Founder

LinkedIn
MT
Milos Trajkovic Founder

LinkedIn
JK
Jim Keller President and CEO
SM
Siddharth Mehta Senior Director - AI Hardware & Software Programs
DB
David Bennett Chief Customer Officer
KW
Keith Witek Chief Operating Officer
MM
Matthew Mattina Vice President, Machine Learning Technology
SC
Stephen Co Principal Engineer

Acquisitions

Acquired company	Price	Announced
BBlue Cheetah Analog Design	Not disclosed	Jul 1, 2025 · Yahoo Finance

Investors

Companies like Tenstorrent

OOxide Computer Company$445M Series B+ · Oct 2026
FFuriosaAI$620M Series B+ · Oct 2026
AAkeana$100M · Aug 2024
QQuantWare$178M Series B+ · May 2026
SSiMa AI$150M Series B+ · Sep 2026
LLambdaSeries B+ · Nov 2025

Other companies backed by AFW Partners

EElement Energy$73M Series B+ · Nov 2023

AFW Partners portfolio →

Sources and API

Every amount links to the page it came from. * Estimated from an accelerator's published standard deal, not a company-specific disclosure. How Recent Funding sources and verifies funding data. The same data as JSON: /api/v1/companies/tenstorrent (get a free API key).