TensorWave is a GPU cloud supplier that focuses on delivering cutting-edge AI compute capabilities through AMD Intuition’s GPUs. Lately, the corporate raised $100 million in its sequence A funding spherical. The spherical was led by Magnetar Capital and AMD Ventures, with further participation from present buyers Maverick Silicon, Nexus Enterprise Companions and Prosperity7 Ventures.
This funding builds on TensorWave’s earlier $43 million raised in easy agreements for future fairness (SAFE) funding, which closed in October 2024.
The brand new spherical of financing will assist TensorWave develop its operations, enhance its workforce, and speed up the deployment of its 8,192 Intuition MI325X-powered coaching cluster.
This AI compute infrastructure represents the beginning of TensorWave’s try to ascertain itself as a frontrunner within the quickly growing AI infrastructure market. The corporate focuses on providing accessible, scalable compute providers powered by AMD’s know-how.
Darrick Horton, CEO of TensorWave, acknowledged, “This $100 million funding propels TensorWave’s mission to democratise entry to cutting-edge AI compute. Our Intuition MI325X GPU cluster marks only the start as we purpose to grow to be the rising chief within the AMD-powered AI infrastructure ecosystem.”
In the meantime, Mathew Hein, chief technique officer and SVP of company growth at AMD, praised TensorWave for its position within the evolving AI ecosystem. “The brand new funding will permit TensorWave to develop its operations, enhance its workforce, and speed up the deployment of its 8,192 Intuition MI325X-powered coaching cluster.”
“TensorWave is not only bringing extra compute however, reasonably, a wholly new class of compute to a capacity-constrained market…We predict this will probably be extremely useful to the AI infrastructure ecosystem writ giant, and we’re thrilled to proceed our assist of the corporate,” Kenneth Safar, managing director of Maverick Capital, stated.
Furthermore, TensorWave has secured an AI infrastructure settlement with TECfusions, which can lease 1 GW of AI capability throughout TECfusions’ information centre portfolio.
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