Tenstorrent
Toronto · Founded 2016 · Canada (Federal Level) corporation · 1,281 employees on LinkedIn · 24 known investors
Tenstorrent designs and manufactures AI hardware accelerators and develops open-source software tools for deploying and running large language models at scale. The company serves AI developers and enterprises with customizable compute systems ranging from desktop devices to production-grade servers.
Also known as Tenstorrent
Founders & leadership
Tenstorrent was founded in 2016 by Ljubisa Bajic.
Board
Investors · 24
Also in the syndicate · 10
Funding
SEC filings, press & company announcements$985.1M disclosed across 4 of 9 rounds · 2017–2026
- Undisclosed amountSeries DJan 2026Source ↗
- $800MraisedNov 2025 · 2 sources
AFW Partners (lead), Fidelity (lead), Fidelity Management & Research (lead), Samsung Securities (lead), Baillie Gifford, Bezos Expeditions, Healthcare of Ontario Pension Plan, Hyundai, Hyundai Motor Group, LG, LG Electronics, Samsung Catalyst, Samsung Catalyst Fund
Source ↗ - Undisclosed amountSeries DDec 2024Source ↗
▶$164MraisedJun 2021 · 34 investors · Other TechnologyRule 506(b)
- LJUBISA BAJICExecutive Officer, Director, Promoter
- JEAN-SEBASTIEN COURNOYERDirector
- IVAN HAMERDirector
- GREG REICHOWDirector
- JAMES KELLERExecutive Officer, Director
- Offering amount
- $164M
- Amount sold
- $164M
- First sale
- Apr 2021
- Incorporated
- Corporation, Canada (federal Level)
- Federal exemptions
- 06b
▶$20.5MraisedFeb 2019 · 6 investors · Other TechnologyRule 506(b)
- MILOS TRAJKOVICDirector
- JEAN-SEBASTIAN COURNOYERDirector
- LJUBISA BAJICExecutive Officer, Director, Promoter
- IVAN HAMERDirector
- GREG REICHOWDirector
- Offering amount
- $20.5M
- Amount sold
- $20.5M
- First sale
- Jan 2019
- Incorporated
- Corporation, Canada (federal Level), 2016
- Federal exemptions
- 06b
▶$500KraisedFeb 2018 · 6 investors · Other TechnologyRule 506(b)
- Greg ReichowDirector
- Ljubisa BajicExecutive Officer, Director, Promoter
- Ivan HamerDirector
- Mike ShaverDirector
- Milos TrajkovicDirector
- Offering amount
- $500K
- Amount sold
- $500K
- First sale
- Feb 2018
- Incorporated
- Corporation, Canada (federal Level), 2016
- Federal exemptions
- 06b
▶$11MofferedOct 2017 · 6 investors · Other TechnologyRule 506(b)
- Greg ReichowDirector
- Ivan HamerDirector
- Milos TrajkovicDirector
- Mike ShaverDirector
- Ljubisa BajicExecutive Officer, Director, Promoter
- Offering amount
- $11M
- First sale
- Aug 2017
- Incorporated
- Corporation, Canada (federal Level), 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Tenstorrent offers AI compute products spanning several form factors: add-in accelerator cards based on its Blackhole architecture starting at $999, with passive, active and liquid cooling options; TT-QuietBox liquid-cooled workstations starting at $9,999 that the company states can run models of up to 120 billion parameters locally; and Tenstorrent Galaxy scale-out servers for production AI workloads starting at $70,000. Alongside the systems business, the company licenses processor and accelerator IP for specific workloads, positioning the offering as avoiding vendor lock-in.
Software is a second pillar. TT-Forge is Tenstorrent's MLIR-based open-source compiler, built on the company's existing AI software stack and designed to compile models from frameworks including PyTorch, JAX and ONNX for Tenstorrent hardware; it is offered in public beta. The company maintains public GitHub repositories, a Discord developer community and a paid bounty program through which external contributors take on tasks such as kernel-level fixes for Blackhole synchronization, SFPU random-number quality, quantize/dequantize fusion, reduction optimizations and model bring-up work (for example Gemma-2 2B and 9B text models using TTNN APIs).
Business model
Tenstorrent sells AI compute hardware directly at published price points across three tiers — cards, workstations and servers — and licenses its processor and accelerator IP to other companies. Its compiler and AI software stack are released as open source.
Hardware product sales (cards from $999, workstations from $9,999, servers from $70,000) and licensing fees for its IP.
Latest developments
In June 2026 Tenstorrent announced new performance records, the launch of TT-Ascalon S, and an expansion across Japan. In July 2026 it announced a partnership with Stealthium to deliver runtime observability for AI infrastructure.
▸Full profile — market position, technology, go-to-market, geography
Market position
The company positions itself as an open alternative in AI compute, supplying accelerators and licensable IP across desktop-to-datacenter scales.
Tenstorrent emphasizes openness — open architectures, transparent licensable IP without vendor lock-in, and an open-source software stack that customers can edit, fork and own — together with a product range that scales from a $999 card to production servers.
Technology
The product line is built around Tenstorrent's Blackhole accelerator architecture, available as cards and integrated into liquid-cooled workstations and scale-out server systems. The software stack centers on TT-Forge, an MLIR-based open-source compiler supporting PyTorch, JAX and ONNX front ends, and TTNN APIs used for model bring-up. Tenstorrent describes its architectures as open and its IP as transparent, allowing customers to inspect, modify or fork the designs.
Go-to-market
Direct online sales of cards and workstations with listed starting prices, a sales/explore path for Galaxy servers, IP licensing, and developer-community engagement through open-source repositories on GitHub, a Discord server and a bug-and-feature bounty program that pays outside contributors.
AI developers and researchers buying single cards or desk-side workstations; organizations deploying production and sovereign AI infrastructure via scale-out servers; and chip designers or companies licensing processor IP.
Geography
Tenstorrent has announced an expansion of its presence across Japan.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 1
by search overlapCompanies competing with Tenstorrent for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 3
launches, deals, and filingsTenstorrent announced a partnership with Stealthium to deliver runtime observability for AI infrastructure.
Company announcement covering new performance records, the launch of TT-Ascalon S, and expansion across Japan.
TT-Forge, Tenstorrent's MLIR-based open-source compiler supporting PyTorch, JAX and ONNX, was made available in public beta for community feedback.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
The Next Trillion-Dollar Chip Company - by Austin Lyonschipstrat.com · Jul 2026▸Research sources · 1
primary sources listed
- Tenstorrenttenstorrent.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Tenstorrent do?
- Tenstorrent builds AI compute hardware — cards, workstations and servers — plus open-source software and licensable processor IP.
- Who founded Tenstorrent?
- Tenstorrent was founded by Ljubisa Bajic in 2016.
- Who are Tenstorrent's investors?
- Tenstorrent's investors include 1/1 Capital, A'Z Angels, Advaita Capital, Claritas Capital, Hakluyt Capital, LG Technology Ventures, MESH, Nearingpoint Venture Partners Inc. and 6 more.
- How much funding has Tenstorrent raised?
- Tenstorrent has disclosed $985.1M raised across 4 of its 9 known rounds.
- Where is Tenstorrent headquartered?
- Tenstorrent is headquartered in Toronto.