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Tenstorrent Raises $1.5 Billion and Lists 127 Open Positions
Tenstorrent Semiconductor Jobs AI Chips RISC-V Jim Keller Semiconductor Salaries

Tenstorrent Raises $1.5 Billion and Lists 127 Open Positions

Tenstorrent announced on October 19 that it has raised $1.5 billion in Series E funding at a $6.2 billion valuation. Trace Capital and Innovation X led the round, with investors including ARK Invest, Cadence Ventures, Fidelity, Morgan Stanley, Sandisk, T. Rowe Price and Tether Investments.

The financing is more than twice its $693 million Series D round from December 2024. Tenstorrent says the money will support volume manufacturing, international expansion and deployment of its Galaxy AI servers. Read the funding announcement coverage.

What Tenstorrent builds

Tenstorrent develops AI processors, RISC-V CPUs, accelerator cards, workstations and servers. It also licenses its CPU and AI technology to companies building their own chips, including Samsung and LG.

Its software is open source allowing customers to inspect and modify the code running on its hardware.

The founders

Tenstorrent was founded in Toronto in 2016 by Ljubisa Bajic, Ivan Hamer and Milos Trajkovic.

The team initially worked from a basement, building an FPGA prototype of its architecture. Jim Keller, who knew Bajic from AMD, was the company’s first investor. The prototype helped the founders raise institutional funding.

Bajic served as the original CEO before stepping away from a full time role in 2023. Trajkovic remains a Senior Fellow, leading systems engineering and foundational software. Hamer also came from an engineering background at AMD.

Keller joined as President and Chief Technology Officer in 2021 and became CEO in 2023. His previous work includes processor development at DEC, AMD, Apple and Tesla.

Current openings

As of October 19, our job index lists 127 open positions at Tenstorrent, including 93 of them in the United States. US locations include Santa Clara, Austin and Fort Collins.

The openings cover processor architecture, physical design, verification, compilers, firmware and systems engineering. There are also positions in manufacturing, supply chain, server deployment and customer support.

A few current openings:

Published US salaries

Published salary ranges across US engineering postings extend from $100,000 to $500,000, depending on the position, experience and location. The individual postings show the range for each role.

Browse all current Tenstorrent positions

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