Latest news with #PiotrTomasik
Yahoo
15-05-2025
- Business
- Yahoo
TensorWave secures $100m in Series A funding
TensorWave, an AMD-powered AI infrastructure solutions provider, has raised $100m in Series A funding to fuel growth. The funding round was led by Magnetar and AMD Ventures, with continued support from Maverick Silicon, Nexus Venture Partners, and new investor Prosperity7. The funding builds on TensorWave's earlier SAFE round and supports the deployment of more than 8,000 AMD Instinct MI325X GPUs for a dedicated training cluster. The company said it is on track to close the year with a revenue run rate exceeding $100m, marking a 20x year-over-year increase. The new capital will also be directed towards expanding TensorWave's team and accelerating the deployment of its Instinct MI325X-powered training cluster. This growth is timely as the demand for AI computing resources continues to outstrip supply, prompting organisations to seek alternatives to limited infrastructure options. TensorWave president Piotr Tomasik said: 'The $100m we've secured will transform how enterprises access AI computing resources. 'Our Instinct MI325X cluster deployment isn't just about adding capacity, it's about creating an entirely new category of enterprise-ready AI infrastructure that delivers both the memory headroom and performance reliability that next-generation models demand.' AMD Ventures' investment in TensorWave is part of its plans to enhance its footprint in the AI infrastructure space. This will ensure that AMD's new technologies are available in the cloud and at scale for leading AI companies and enterprises. TensorWave offers high-bandwidth, memory-optimised infrastructure powered by AMD Instinct Series GPUs, catering to the most demanding models in training or inference. "TensorWave secures $100m in Series A funding" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
TensorWave Secures $100 Million Series A Funding Co-Led by Magnetar and AMD Ventures
Funding Fuels Rapid Deployment of Massive AMD Instinct MI325X GPU Training Cluster and Supports Scaling for Surging AI Infrastructure Needs LAS VEGAS, May 14, 2025--(BUSINESS WIRE)--TensorWave, the emerging leader in AMD-powered AI infrastructure solutions, today announced it has raised $100 million in Series A funding. Magnetar and AMD Ventures led the round, with continued support from Maverick Silicon, Nexus Venture Partners, and new investor Prosperity7. This funding builds on the company's earlier SAFE round and positions TensorWave to capitalize on the growing demand for next-gen AI compute infrastructure. The investment aligns with TensorWave's deployment of over 8,000 AMD Instinct™ MI325X GPUs for a dedicated training cluster, establishing the company as a key player in the AI infrastructure ecosystem. TensorWave is on track to close the year with a revenue run rate exceeding $100 million — a 20x year-over-year increase. "This $100M funding propels TensorWave's mission to democratize access to cutting-edge AI compute," said Darrick Horton, CEO of TensorWave. "Our 8,192 Instinct MI325X GPU cluster marks just the beginning as we establish ourselves as the emerging AMD-powered leader in the rapidly expanding AI infrastructure market." The new capital will fuel TensorWave's operational growth, team expansion, and the accelerated deployment of its Instinct MI325X-powered training cluster. This growth comes at a pivotal moment, as demand for AI computing resources continues to outstrip supply and organizations seek alternatives to limited infrastructure options. "The $100 million we've secured will transform how enterprises access AI computing resources," said Piotr Tomasik, President of TensorWave. "Through careful cultivation of strategic partnerships and investor relationships, we've positioned TensorWave to solve the critical infrastructure bottleneck facing AI adoption. Our Instinct MI325X cluster deployment isn't just about adding capacity, it's about creating an entirely new category of enterprise-ready AI infrastructure that delivers both the memory headroom and performance reliability that next-generation models demand." "Our focus is to continue to expand the ecosystem and support developers with the tools, infrastructure, and performance they need to create, scale, and ship production-ready AI," shares Jeff Tatarchuk, TensorWave's Chief Growth Officer. AMD Ventures' strategic investment in TensorWave reinforces the commitment of AMD to expand its footprint in the AI infrastructure space and ensures its latest technologies are available in the cloud and at-scale for leading AI companies and enterprises. "TensorWave is a key player in the growing AMD AI ecosystem," said Mathew Hein, SVP Chief Strategy Officer & Corporate Development, AMD. "Their expanding portfolio of AI and enterprise customers coupled with their expertise in deploying AMD compute infrastructure is driving demand for access to their cutting-edge AI compute services. We're excited to support their next phase of growth." "We continue to be highly impressed by what the TensorWave team has built in just a short period of time. TensorWave is not just bringing more compute but rather an entirely new class of compute to a capacity-constrained market. We think this will be highly beneficial to the AI infrastructure ecosystem writ large, and we're thrilled to continue our support of the company," said Kenneth Safar, Managing Director at Maverick Silicon. The funding comes at a time when the AI infrastructure market is experiencing unprecedented growth, with recent industry reports projecting the AI infrastructure market to exceed $400 billion by 2027. TensorWave's focus on technology-powered solutions and continued partnerships with firms like TECFusions positions the company to capture a significant portion of this expanding market. For additional information please visit: About TensorWave TensorWave is the AI and HPC cloud purpose-built for performance. Powered exclusively by AMD Instinct™ Series GPUs, we deliver high-bandwidth, memory-optimized infrastructure that scales with your most demanding models—training or inference. For more information please visit View source version on Contacts Media Contact: press@ Sign in to access your portfolio
Business Wire
14-05-2025
- Business
- Business Wire
TensorWave Secures $100 Million Series A Funding Co-Led by Magnetar and AMD Ventures
LAS VEGAS--(BUSINESS WIRE)-- TensorWave, the emerging leader in AMD-powered AI infrastructure solutions, today announced it has raised $100 million in Series A funding. Magnetar and AMD Ventures led the round, with continued support from Maverick Silicon, Nexus Venture Partners, and new investor Prosperity7. This funding builds on the company's earlier SAFE round and positions TensorWave to capitalize on the growing demand for next-gen AI compute infrastructure. Funding Fuels Rapid Deployment of Massive AMD Instinct MI325X GPU Training Cluster and Supports Scaling for Surging AI Infrastructure Needs Share The investment aligns with TensorWave's deployment of over 8,000 AMD Instinct™ MI325X GPUs for a dedicated training cluster, establishing the company as a key player in the AI infrastructure ecosystem. TensorWave is on track to close the year with a revenue run rate exceeding $100 million — a 20x year-over-year increase. "This $100M funding propels TensorWave's mission to democratize access to cutting-edge AI compute," said Darrick Horton, CEO of TensorWave. "Our 8,192 Instinct MI325X GPU cluster marks just the beginning as we establish ourselves as the emerging AMD-powered leader in the rapidly expanding AI infrastructure market.' The new capital will fuel TensorWave's operational growth, team expansion, and the accelerated deployment of its Instinct MI325X-powered training cluster. This growth comes at a pivotal moment, as demand for AI computing resources continues to outstrip supply and organizations seek alternatives to limited infrastructure options. 'The $100 million we've secured will transform how enterprises access AI computing resources," said Piotr Tomasik, President of TensorWave. "Through careful cultivation of strategic partnerships and investor relationships, we've positioned TensorWave to solve the critical infrastructure bottleneck facing AI adoption. Our Instinct MI325X cluster deployment isn't just about adding capacity, it's about creating an entirely new category of enterprise-ready AI infrastructure that delivers both the memory headroom and performance reliability that next-generation models demand.' 'Our focus is to continue to expand the ecosystem and support developers with the tools, infrastructure, and performance they need to create, scale, and ship production-ready AI,' shares Jeff Tatarchuk, TensorWave's Chief Growth Officer. AMD Ventures' strategic investment in TensorWave reinforces the commitment of AMD to expand its footprint in the AI infrastructure space and ensures its latest technologies are available in the cloud and at-scale for leading AI companies and enterprises. 'TensorWave is a key player in the growing AMD AI ecosystem,' said Mathew Hein, SVP Chief Strategy Officer & Corporate Development, AMD. 'Their expanding portfolio of AI and enterprise customers coupled with their expertise in deploying AMD compute infrastructure is driving demand for access to their cutting-edge AI compute services. We're excited to support their next phase of growth.' 'We continue to be highly impressed by what the TensorWave team has built in just a short period of time. TensorWave is not just bringing more compute but rather an entirely new class of compute to a capacity-constrained market. We think this will be highly beneficial to the AI infrastructure ecosystem writ large, and we're thrilled to continue our support of the company,' said Kenneth Safar, Managing Director at Maverick Silicon. The funding comes at a time when the AI infrastructure market is experiencing unprecedented growth, with recent industry reports projecting the AI infrastructure market to exceed $400 billion by 2027. TensorWave's focus on technology-powered solutions and continued partnerships with firms like TECFusions positions the company to capture a significant portion of this expanding market. For additional information please visit:
