The Canadian AI Index

Companies / Tenstorrent

Tenstorrent

AI chips (Jim Keller).

tenstorrent.com
Founded
2016
HQ
Santa Clara, CA, US
Category
AI Hardware/Semiconductors
Status
Active
Disclosed raised
US$1B
Listed as
Founded in CanadaFounded in Toronto in 2016; headquarters moved to Santa Clara in 2023, with a Toronto office retained.

Funding history

RoundDateAmountInvestors
Series DDec 2, 2024 US$693MSamsung Securities and AFW Partners (co-leads); Export Development Canada, HOOPP. >US$693M at US$2B pre-money
UndisclosedAug 2, 2023 US$100MHyundai Motor Group and Samsung Catalyst Fund (co-leads); Fidelity, Eclipse Ventures, EPIQ Capital Group, Maverick Capital. Company calls it a strategic up-round; TechCrunch reports it as a convertible note; Kia's US$20M sits within the Hyundai co-lead.
Series CMay 20, 2021 US$200MFidelity (lead); Eclipse Ventures, EPIQ Capital Group, Moore Capital, Real Ventures. Over US$200M at a US$1B valuation, led by Fidelity Management and Research.
Series BFeb 2019 US$20.7MEclipse Ventures, Real Ventures. Reported in VentureBeat's Apr 2020 profile
Series AAug 2017 US$12.5MEclipse Ventures, Real Ventures. Reported in VentureBeat's Apr 2020 profile; no lead named in the source.

Founders

Also backed by

Investors listed on their own portfolio pages or in reported coverage. Round details are not tracked in the Index.

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Sources

Data as of September 26, 2026. Suggest a correction