On October 19, Tenstorrent announced it raised $1.5 billion in a Series E funding round, giving the startup a post-money valuation of $6.2 billion.

Tenstorrent develops Galaxy branded AI hardware and software designed to outperform Nvidia GPUs for inference workloads including large language models and AI video generation. The company builds its chips and supporting software using the open-source RISC-V processor architecture.

Separate logged prediction market activity occurred over the preceding three days, with no stated connection to this funding announcement. Polymarket data shows nine markets resolved or shifted between October 16 and 17, covering Bitcoin price levels, Elon Musk tweet output volumes and strike probability for Kyiv.