# Tenstorrent

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tenstorrent

- Industry: Hardware
- Headquarters: Toronto, Canada
- Website: www.tenstorrent.com
- Total disclosed funding: $2.5B
- Latest round: Series D (Oct 19, 2026)
- Investors on record: 40

## About

Based in Canada, Tenstorrent Inc. specializes in developing advanced technology solutions focused on machine learning workloads, particularly through their innovative TT-Forge™ compiler tailored for high-performance computing environments.Founded in 2016 and headquartered in Toronto, Canada, Tenstorrent Inc. is recognized for creating technology solutions aimed at optimizing machine learning workloads. The company has not reported any significant shifts in its business strategy. The founders, Ivan Hamer, Ljubisa Bajic, and Milos Trajkovic, have a background in technology development, and Jim Keller serves as CEO. As of July 2025, Tenstorrent raised USD 693.00 mn in SERIES D funding, bringing the total amount raised to USD 693.00 mn, with a current company valuation of USD 2,693.00 mn.Tenstorrent specializes in advanced technology solutions centered on its core product, TT-Forge™, a MLIR-based compiler that optimizes workloads specifically for Tenstorrent's hardware. The compiler is designed to enhance the performance and efficiency of machine learning workloads, and it is positioned to integrate seamlessly with the company’s AI software library. The product is currently available in public beta, allowing developers to engage with the technology and provide feedback for further refinement. Tenstorrent's offerings are primarily targeted at developers and organizations engaged in artificial intelligence and machine learning, particularly in sectors that require high-performance computing solutions. The company's products are marketed globally, with a specific focus on technology-centric regions that prioritize AI advancements.Tenstorrent generates revenue through its innovative software solutions, particularly through the deployment of the TT-Forge™ compiler. The company’s business model involves direct-to-consumer transactions, where developers and organizations purchase access to its open-source tools and features. Revenue streams are enhanced through partnerships with technology firms requiring tailored optimization for their hardware. Transactions may include subscription models for ongoing support and updates or one-time fees for specific software licenses. Specific pricing details for the TT-Forge™ compiler and associated services are not disclosed, yet the platform's focus on performance optimization positions it as a premium offering within the market for AI development tools.In July 2025, Tenstorrent Inc. raised an undisclosed amount of venture funding from new investor Unsung Fields. Tenstorrent will utilize this funding to build open, scalable Artificial Intelligence infrastructure and foster a global community that enables equitable access to sustainable, decentralized computing technologies. The initiatives aim to enhance product offerings and expand Tenstorrent's market reach in technology-focused regions.

## Funding rounds

- Series D, Oct 19, 2026, $1.5B — Trace Capital, Innovation X Advisors, ARK Investment Management, Brett Barna, Cadence Venture Capital, Eclipse, Eclipse Venture Equity, Fidelity, Fidelity Management & Research Company, Maverick Silicon, Morgan Stanley, Protagonist Management LLC, R+VC, Sandisk Corp., T, T. Rowe Price Group, Tether Investments, Troluce Capital Advisors, Virtu Financial, Agostinelli Group, XTX Markets, ARK Invest
- Series D, Dec 2, 2024, $693M — Healthcare of Ontario Pension Plan, Export Development Canada, Innovation Engine, Fidelity Investments, Amazon, Bezos Expeditions, Hyundai Motor Company, XTX Markets, Mesh Ventures, Samsung Securities, LG Electronics, Baillie Gifford, Corner Capital, AFW Partners
- Series C, May 20, 2021, $245M — Moore Capital Management - Private Equity, Fidelity Investments, Real Ventures, Eclipse Ventures, Epic CG
- Series B, Feb 2, 2019, $21M — Real Ventures, Eclipse Ventures, Epiq Capital
- Series A, Aug 31, 2017, $13M — Real Ventures, Eclipse Ventures
- Seed, Dec 21, 2016, $0.8M — Real Ventures

## Investors

- Real Ventures — Seed, Series A, Series B, Series C
- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Series A, Series B, Series C
- Epiq Capital (https://capitalatlas.ai/funds/epiq-capital) — Series B
- Moore Capital Management - Private Equity — Series C
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series C, Series D
- Epic CG — Series C
- Healthcare of Ontario Pension Plan — Series D
- Export Development Canada — Series D
- Innovation Engine (https://capitalatlas.ai/funds/innovation-engine) — Series D
- Amazon (https://capitalatlas.ai/funds/amazon) — Series D
- Bezos Expeditions — Series D
- Hyundai Motor Company — Series D
- XTX Markets — Series D
- Mesh Ventures (https://capitalatlas.ai/funds/mesh-ventures) — Series D
- Samsung Securities — Series D
- LG Electronics — Series D
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series D
- Corner Capital — Series D
- AFW Partners (https://capitalatlas.ai/funds/afw-partners) — Series D
- Trace Capital — Series D
- Innovation X Advisors (https://capitalatlas.ai/funds/innovation-x-advisors) — Series D
- ARK Investment Management — Series D
- Brett Barna — Series D
- Cadence Venture Capital — Series D
- Eclipse — Series D
- Eclipse Venture Equity — Series D
- Fidelity — Series D
- Fidelity Management & Research Company — Series D
- Maverick Silicon — Series D
- Morgan Stanley — Series D
- Protagonist Management LLC — Series D
- R+VC — Series D
- Sandisk Corp. — Series D
- T — Series D
- T. Rowe Price Group — Series D
- Tether Investments — Series D
- Troluce Capital Advisors — Series D
- Virtu Financial — Series D
- Agostinelli Group — Series D
- ARK Invest (https://capitalatlas.ai/funds/ark-invest) — Series D