Tenstorrent Stock Price, Valuation & IPO
Private company — Tenstorrent is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$109.30 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 27 October 2026
Last round valuation: $6.2B
Source: E-1, October 2026, post-money
Total raised: $1.79B
Data last updated: 27 October 2026
About Tenstorrent
AI chip developer built on the open RISC-V architecture, led by legendary chip engineer Jim Keller, positioning the company as an alternative to NVIDIA. In December 2024 Tenstorrent closed a round of over $693M led by Samsung Securities and AFW Partners at about a $2.6B valuation. Late 2025 talks pointed to a new round at about a $3.2B valuation.
Tenstorrent builds chips and servers for running AI models on the open RISC-V architecture and licenses the same design to third parties. Founded in 2016 in Toronto. The same Tensix and RISC-V cores sit inside a $999 board and a $110,000 server. By June 25, 2026, 1,000 Galaxy servers had been built, at least half sold, with 10 customers running them on their own premises. On June 30 the company demonstrated 900 tokens per second on the Kimi K2.6 model — roughly three times faster than comparable GPU-based solutions. $1.79B raised in total across named rounds.
- Sector: Semiconductors
- Headquarters: Toronto, Canada
- Founded: 2016
Key highlights
- Major chipmakers have come right up to the company. In May and June 2026 Bloomberg and Reuters reported interest from Intel and Qualcomm; on June 25 Jim Keller confirmed he had met with executives from both, and in July he denied sale talks and said the company was preparing for a listing.
- Manufacturing moved from prototype to series production exactly now. By June 25, 2026, 1,000 Galaxy servers had been built, at least half sold, with 10 customers running them on their own premises, and the largest single order was 96 servers — 3,072 chips.
- The advantage in inference speed has become measurable and reproducible. On June 30, 2026 the company demonstrated 900 tokens per second per user on the Kimi K2.6 model and over 400 on the 671-billion-parameter DeepSeek-R1 — roughly three times faster than comparable GPU-based solutions.
- Demand for independence from a single supplier has become government policy. Japan is building a sovereign platform on Galaxy through ai& and making a chiplet on the Ascalon core using Rapidus technology, Abu Dhabi signed an agreement with Infinia Technologies, and programs have launched in Cyprus and the Gulf states.
- The company closed the bottleneck of chiplet architecture with an acquisition of its own. By buying Blue Cheetah along with its 50-person team, Tenstorrent brought in-house the die-to-die interconnect technology it had licensed for 18 months — a saving of $10-20M on every chip tape-out.
Funding rounds
| Date | Round | Price / share | Post-money valuation |
|---|---|---|---|
| 19 October 2026 | E-1 | $111.23 | $6.2B |
| 26 November 2025 | E | $80.85 | $4B |
| 2 December 2024 | D-1 | $78.83 | $2.6B |
| 2 August 2023 | D-2 | $67.00 | $1.7B |
| 20 May 2021 | C | $59.45 | $1B |
| 7 April 2020 | B | $9.12 | $138M |
| 28 August 2017 | A | $4.91 | $50M |
| 21 December 2016 | Seed | $0.88 | $2M |
Latest news
- Tenstorrent raised $1.5 billion in a Series E round at a valuation of $6.2 billion — more than double its previous one — 19 October 2026
- Tenstorrent and Smallest.ai will release a local voice AI stack on Tenstorrent chips — 1 October 2026
Frequently asked questions
How can I buy Tenstorrent stock before the IPO?
Not on a public exchange — Tenstorrent is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
What is the Tenstorrent stock price?
A private company has no single official share price. AXEVIL's consensus estimate is $109.30 per share as of 27 October 2026. Its most recent round implied a post-money valuation of $6.2B (October 2026).
What is Tenstorrent's valuation (net worth)?
Tenstorrent's most recent funding round valued the company at $6.2B post-money (October 2026) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Tenstorrent IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Tenstorrent publicly traded?
No. Tenstorrent is a private company and its shares are not listed on any public exchange.
Does Tenstorrent have a stock symbol?
No. Tenstorrent has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.
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Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.