USDT
−0.0%Tether Capital joins Tenstorrent's $1.5 billion Series E funding round
Image: Crypto.newsTether Capital took part in Tenstorrent's $1.5 billion Series E round at a $6.2 billion valuation. Tenstorrent completed the round on Oct. 19, 2026. Trace Capital and Innovation X led it. Tenstorrent plans to use the funds for Galaxy server production, chip development and global expansion. Tether did not disclose its investment amount or ownership stake. Tether CEO Paolo Ardoino linked the investment to locally controlled AI computing.
Key points
- Tenstorrent completed a $1.5 billion Series E round at a $6.2 billion valuation.
- Tether Capital participated in Tenstorrent's Series E round.
- Trace Capital and Innovation X led the funding round.
- Tenstorrent plans to use the funds for Galaxy server production, chip development and global expansion.
- Tenstorrent's December 2024 round valued the company at $2 billion.
Why it matters
Tether Capital's participation links the stablecoin issuer to AI chip development. Tenstorrent said the funding will support Galaxy server production, chip development and global expansion.
What's unclear
Tether did not disclose how much it invested in Tenstorrent or what ownership stake it received.
Tenstorrent's investor list names Tether Investments while Tether's announcement uses Tether Capital.
Price context · USDT
At publication
$0.9992
Now
$0.9993
Change since
+0.01%
7 days · dashed line = publication
Sources · 2 publishers
Crypto Briefing
Tier 2
Tether backs Tenstorrent’s $1.5 billion raise to widen access to AI computing
Coverage timeline
- First reported by Crypto.news
- Also reported by Crypto Briefing
- CryptoVideos brief published
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