Tenstorrent, based in Toronto and led by chip architect Jim Keller, designs RISC-V based AI processors sold as Blackhole cards, QuietBox workstations and Galaxy servers. It raised $1.5 billion at a $6.2 billion valuation in October 2026.
At a glance
| Price from | From $1,399 |
| Best for | Developers who want open, buyable AI hardware |
From Tenstorrent's own website.
What stands out
- Open-source software stack
- Cards sold directly at public prices
Worth knowing
- Software less mature than CUDA
- Much smaller scale than the chip giants
How it ranks
Tenstorrent is ranked 10th of 10 in Best AI Chip Companies (Lister Score 85.2).
#10 in Best AI Chip Companies · Lister Score 85.2
Tenstorrent raised $1.5 billion at a $6.2 billion valuation on 19 October 2026..
| Rank | Best AI Chip Companies | Score |
|---|---|---|
| 1 | Nvidia | 97.4 |
| 2 | AMD | 95.9 |
| 3 | Google (TPU) | 94.7 |
| 4 | Broadcom | 93.5 |
| 5 | Amazon Web Services (Trainium) | 92.2 |
| 6 | Huawei (Ascend) | 90.8 |
| 7 | Cerebras | 89.5 |
| 8 | Intel | 88.1 |
| 9 | Qualcomm | 86.6 |
| 10 | Tenstorrent | 85.2 |
Frequently asked questions
How does Tenstorrent rank on Lister?
Tenstorrent is ranked 10th of 10 in Best AI Chip Companies (Lister Score 85.2).
Appears in
- #3 in Best AI Chip Startups · Startups
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