# Baseten raises $2 billion as Tenstorrent secures $1.5 billion Series E

_Published Saturday, October 31, 2026 at 12:08 AM EDT · Capital · Latest · Tier 2 — Notable_

![Baseten Secures $2 Billion in New Funding; Tenstorrent Raises $1.5 Billion in Series E | KuCoin — Primary](https://assets.staticimg.com/@kudos/runtime/0.6.23/assets/og-ea52b6f9440e857c.jpg)

Baseten has raised $2 billion in a funding round led by Sands Capital, KuCoin reported. The financing is being conducted in two tranches, raising its valuation to $26 billion and then $30 billion. Baseten provides services for running and fine-tuning AI models.

The same report said Tenstorrent completed a $1.5 billion Series E led by chip architect Jim Keller. Tenstorrent develops AI processors and open-source hardware systems, giving the financing a different focus from Baseten's model-serving platform.

## Sources

- [kucoin](https://www.kucoin.com/news/flash/baseten-secures-2-billion-in-new-funding-tenstorrent-raises-1-5-billion-in-series-e)

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Canonical: https://techandbusiness.org/newswire/an9gT-LF-soFszDY5IvQni
Published: 2026-10-31T04:08:33.849Z
Story chronology: 2026-10-31T03:05:52.000Z
Retrieved: 2026-10-31T07:21:32.757Z
Publisher: Tech & Business (techandbusiness.org)