When was Tenstorrent founded?

Tenstorrent was founded in 2016 and became a unicorn in 2021, reaching the milestone in 5 years. It raised its 1st funding round 1 year after its incorporation.

Where is Tenstorrent located?

Tenstorrent is headquartered in Toronto, Canada.

How many employees does Tenstorrent have?

As of Aug 31, 2026, the latest employee count at Tenstorrent is 1280.

Is Tenstorrent a funded company?

Tenstorrent is a funded company, having raised a total of $2.46B across 11 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Seed round on May 2017.

How much is Tenstorrent worth?

The latest valuation of Tenstorrent is $2.6B as of Dec 02, 2024.

When was the latest funding round of Tenstorrent?

Tenstorrent's latest funding was a $1.29B Series E round on Aug 26, 2026, with participation from 0 investor. Its primary sector is AI Infrastructure. In Canada, the AI Infrastructure sector has seen $1.33B in funding in 2026 to date.

Is Tenstorrent a AI Infrastructure company?

The primary sectors of Tenstorrent are AI Infrastructure, Digital ICs and Artificial Intelligence.

Where does Tenstorrent rank among its competitors?

Tenstorrent ranks 11th amongst 333 active competitors, of which 125 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Ayar Labs, which secured $150M in Sep, 2026.

Who are the top competitors of Tenstorrent?

Tenstorrent's top competitors include Groq, Lightmatter and Ambarella. Among them, Ayar Labs secured the most recent funding round in September, 2026.

Tenstorrent - 2026 Company Profile, Team, Funding & Competitors

Tenstorrent is a series E company based in Toronto (Canada), founded in 2016 by Ljubisa Bajic, Ivan Hamer and Milos Trajkovic. It operates as a Developer of hardware and open-source software for artificial intelligence acceleration. Tenstorrent has raised $2.46B in funding from investors like Fidelity Investments, Real Ventures and Samsung Securities, with a current valuation of $2.6B. The company has 333 active competitors, including 125 funded and 27 that have exited. Its top competitors include companies like Groq, Lightmatter and Ambarella.

Sectors and market segments that Tenstorrent operate in

Tenstorrent serves in the High Tech, Native AI, Semiconductors market segments.The primary business model of Tenstorrent are:

Company Details

Developer of hardware and open-source software for artificial intelligence acceleration. The company provides tools for optimizing workloads on its hardware. It offers an open-source compiler designed to integrate with its AI software library. The company provides resources such as documentation and developer tutorials.

Website: tenstorrent.com
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Email ID: *****@tenstorrent.com

Key Metrics

Founded Year

2016

Location

Toronto, Canada

Stage

Series E

Total Funding

$2.46B in 11 rounds

Latest Funding Round

Series E, Aug 26, 2026, $1.29B

Post Money Valuation

$2.6B as on Dec 02, 2024

Investors

Fidelity Investments & 28 more

Ranked

11^th among 333 active competitors

Employee Count

1,280 as on Aug 31, 2026

Investment & Acquisitions

mako.dev & 1 more

Similar Companies

Groq & 136 more

View Tenstorrent's full profile

Tenstorrent is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TENSTORRENT INC. CIN: 1718995 , United States, Active		$25M - $100M (As on Jun 10, 2021)	-	-
Tenstorrent Inc. CIN: 779186725 , Canada, Active	Mar 14, 2016	-	-	-
TENSTORRENT INDIA PRIVATE LIMITED CIN: U72900KA2022FTC160657 , India, Active	Apr 28, 2022	₹10 - ₹50 Cr (As on Mar 31, 2024)	94 (As on Feb 01, 2026)

Tenstorrent has raised a total funding of $2.46B over 11 rounds. Its first funding round was on May 2017. Tenstorrent has 29 institutional investors.

Here is the list of recent funding rounds of Tenstorrent:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 26, 2026	$1.29B	Series E	-	-	-	-
Dec 02, 2024	$693M	Series D	$2.6B	-	Samsung Securities, AFW Partners	XTX Markets, Mesh Ventures, Export Development Canada, Hoopp, LG, Hyundai Motor Group, Fidelity Investments, Baillie Gifford, Bezos Expeditions, Corner Capital Management, SBI Investment
Aug 02, 2023	$100M	Series C	-	-	Hyundai Motor Group, Samsung Catalyst Fund	Fidelity Ventures, Maverick Capital, Kia, EPIQ, Eclipse

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View details of Tenstorrent's funding rounds and investors

The founders of Tenstorrent are Ljubisa Bajic, Ivan Hamer and Milos Trajkovic.

Here are the details of Tenstorrent's key team members:

Ljubisa Bajic: Former Co-Founder of Tenstorrent and founder of 1 other company.
Contact Info: 2 email addresses
Ivan Hamer: Co-Founder of Tenstorrent.
Contact Info: 1 email address
Milos Trajkovic: Co-Founder of Tenstorrent.
Contact Info: 1 email address

Tenstorrent's Board of Directors

Tenstorrent's board has 7 active members. Greg Reichow, Jeongseok Chae, James Keller, Raja Koduri, Ljubisa Bajic, Jean-sebastien Cournoyer and Keith Witek are independent board members.

Here is the list of Tenstorrent's board of directors:

Name	Type	Representing	Status	Duration
Greg Reichow	Independent board member	-	Current	7y 7m
Jeongseok Chae	Independent board member	-	Current	3y 1m
James Keller	Independent board member	-	Current	5y 8m
Raja Koduri	Independent board member	-	Current	3y 1m
Ljubisa Bajic	Independent board member	-	Current	7y 7m
Jean-sebastien Cournoyer	Independent board member	-	Current	7y 7m
Keith Witek	Independent board member	-	Current	3y 1m

View details of Tenstorrent's Founder profiles and Board Members

Tenstorrent's employee count trend

Tenstorrent has 1,280 employees as of Aug 26. Here is Tenstorrent's employee count trend over the years:

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Top competitors of Tenstorrent include Groq, Lightmatter and Ambarella. Here is the list of Top 10 competitors of Tenstorrent, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Groq 2016, Mountain View (United States), Series E	Developer of specialized hardware processors for artificial intelligence inference workloads	$2.77B	Disruptive, BlackRock & 54 others	72/100
2nd	Lightmatter 2017, Boston (United States), Series D	Developer of photonic interconnects and co-packaged optics for AI infrastructure	$850M	Google Ventures, Viking Global Investors ... & 16 others	70/100
3rd	Ambarella 2004, Santa Clara (United States), Public	Manufacturer of AI-enabled image processors	$15.4M	Northgate Capital, Riverwood Capital & 7 others	69/100
4th	Graphcore Systems 2016, Bristol (United Kingdom), Acquired	Manufacturer of hardware and software for machine learning processing tasks	$742M	Atomico, Baillie Gifford & 75 others	68/100
5th	DarkVision 2013, North Vancouver (Canada), Acquired	Developer of acoustic imaging technology for industrial asset inspection applications	$5.5M	Evok Innovations, Defined Capital & 7 others	68/100
6th	Ayar Labs 2015, San Jose (United States), Series E	Developer of optical interconnect solutions for artificial intelligence infrastructure applications	$1.02B	Neuberger Berman, Light Street Capital & 58 others	67/100
7th	Celestial AI 2020, Santa Clara (United States), Acquired	Developer of optical interconnect technology for artificial intelligence infrastructure systems	$589M	Koch Disruptive Technologies, Fidelity Investments ... & 21 others	66/100
8th	Cerebras 2015, Sunnyvale (United States), Public	Provider of high-performance AI infrastructure and wafer-scale computing solutions	$2.82B	Fidelity Investments, Foundation Capital ... & 35 others	66/100
9th	Hailo 2017, Tel Aviv (Israel), Acquired	Provider of neural learning processors for edge AI applications	$340M	OurCrowd, Maniv Mobility & 29 others	66/100
10th	EdgeCortix 2019, Chuo (Japan), Series B	Developer of energy-efficient AI processors, accelerators, modules, cards, and systems	$138M	Global Hands-On VC, SBI Investment & 14 others	66/100
11th	Tenstorrent 2016, Toronto (Canada), Series E	Developer of hardware and open-source software for artificial intelligence acceleration	$2.46B	Fidelity Investments, Baillie Gifford & 27 others	65/100