According to CoinMeta, Tenstorrent completed a $1.5 billion Series E financing round, with a post-investment valuation of $6.2 billion. This financing round was led by Trace Capital and Innovation X, with participation from Agostinelli Group, ARK Invest, Cadence Ventures, Fidelity Management, Research Company, Morgan Stanley, Tether Investments, T., Rowe Price, Virtu Financial, XTX Markets, and others. The funds will be used for the mass production of Galaxy servers, global business expansion, as well as research and development in AI and CPU IP.