Key Takeaways
- • Tenstorrent completed a $1.5 billion Series E funding round on October 19, 2026, setting a post-money valuation of $6.2 billion, according to Crypto Briefing.
- • The valuation more than doubles the $2 billion figure from Tenstorrent's Series D in December 2024.
- • Trace Capital and Innovation X led the round, with participation from ARK Invest, Fidelity Management and Tether Capital.
- • Tenstorrent will use the proceeds to scale Galaxy server production, advance AI and CPU technology, and expand commercial operations globally.
- • Tether's investment, made through Tether Capital, signals its move into AI infrastructure beyond payments and stablecoins.
Summary
Tether has invested in AI chip developer Tenstorrent as part of a $1.5 billion Series E funding round, according to Crypto Briefing. The investment was made through Tether Capital, the investment arm of the company behind the widely used stablecoin. Tenstorrent announced the completed round on October 19, 2026, and the deal set its post-money valuation at $6.2 billion.
The valuation represents a steep increase from the $2 billion figure assigned in Tenstorrent's Series D round in December 2024. Trace Capital and Innovation X led the financing. A broader group of financial firms participated, including ARK Invest and Fidelity Management, alongside Tether Capital.
Tenstorrent plans to deploy the capital across three areas: scaling production of its Galaxy servers, advancing its AI and CPU technology development, and expanding its commercial operations globally. Each Galaxy server houses dozens of Tenstorrent's AI chips in a single system. The company already counts Samsung and LG among its clients.
The article characterizes Tether's investment as part of a broader push to decentralize AI computing power and reduce reliance on the small number of major cloud providers that control much of global AI capacity. Crypto Briefing describes the stake as a bet on AI infrastructure rather than on tokens, reflecting Tether's growing role as a capital allocator in technology beyond payments.
Key items to monitor include how quickly Tenstorrent scales Galaxy server output, whether additional enterprise customers join Samsung and LG, and whether Tether Capital continues to add AI infrastructure companies to its portfolio.
The valuation represents a steep increase from the $2 billion figure assigned in Tenstorrent's Series D round in December 2024. Trace Capital and Innovation X led the financing. A broader group of financial firms participated, including ARK Invest and Fidelity Management, alongside Tether Capital.
Tenstorrent plans to deploy the capital across three areas: scaling production of its Galaxy servers, advancing its AI and CPU technology development, and expanding its commercial operations globally. Each Galaxy server houses dozens of Tenstorrent's AI chips in a single system. The company already counts Samsung and LG among its clients.
The article characterizes Tether's investment as part of a broader push to decentralize AI computing power and reduce reliance on the small number of major cloud providers that control much of global AI capacity. Crypto Briefing describes the stake as a bet on AI infrastructure rather than on tokens, reflecting Tether's growing role as a capital allocator in technology beyond payments.
Key items to monitor include how quickly Tenstorrent scales Galaxy server output, whether additional enterprise customers join Samsung and LG, and whether Tether Capital continues to add AI infrastructure companies to its portfolio.
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