Latest news with #TensorWave
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
Wamda
15-05-2025
- Business
- Wamda
Aramco-backed Prosperity7 joins TensorWave's $100 million round
US-based AI infrastructure startup TensorWave has raised $100 million in a funding round led by Magnetar and AMD Ventures, bringing its total raised capital to $146.7 million. Additional investors include Maverick Silicon, Nexus Venture Partners, and Prosperity7. Founded in 2023 by Darrick Horton, Jeff Tatarchuk, and Piotr Tomasik, TensorWave builds cloud services on AMD-based GPU infrastructure. The company has already launched a dedicated AI training cluster featuring 8,192 AMD Instinct MI325X GPUs. The new funding will be used to expand GPU clusters, hire additional talent—growing the team to over 100—and support ongoing operational growth. The company is on track to exceed $100 million in run-rate revenue by the end of 2025. Press release: Las Vegas-based AI infrastructure company TensorWave has secured $100 million in new funding to accelerate the development of data centres built primarily with AMD hardware. The round was led by Magnetar Capital and AMD Ventures, with additional participation from Maverick Silicon, Nexus Venture Partners, and Prosperity7. This latest investment brings TensorWave's total capital raised to $146.7 million, according to Crunchbase. Founded in 2023 by Darrick Horton, Jeff Tatarchuk, and Piotr Tomasik, TensorWave aims to provide more affordable and scalable cloud services by leveraging AMD's GPU capabilities. The company has already deployed a dedicated training cluster consisting of 8,192 AMD Instinct MI325X GPUs, reinforcing its early bet on AMD in a market largely dominated by Nvidia. With this new funding, TensorWave plans to expand its GPU cluster, grow its team from 40 to over 100 employees by year-end, and support operational growth as it scales to meet increasing AI infrastructure demand. CEO Horton emphasised the company's mission to democratise access to cutting-edge AI compute and projected that TensorWave will close the year with a run-rate revenue of over $100 million—a 20x increase year-over-year.
Yahoo
14-05-2025
- Business
- Yahoo
TensorWave raises $100M to grow its AMD-powered cloud infrastructure
TensorWave, a data center provider building facilities primarily with AMD hardware, has raised $100 million as it seeks to further build out its data center infrastructure. The funding round was led by Magnetar and AMD Ventures, and brings the company's total capital raised to $146.7 million, according to Crunchbase. Maverick Silicon, Nexus Venture Partners and Prosperity7 also participated in the round. It's a precarious time for data center projects. Tariff-related price hikes on components like server racks and chips could contribute to overall data center build costs increasing by 5% to 15%, per an analysis by TD Cowen. Investors are also wary of such projects accumulating too much capacity, particularly as the number of cheap AI services continues to grow. Overcapacity is reportedly one of the factors delaying OpenAI's ambitious $500-billion Stargate data center project. Las Vegas, Nevada-based TensorWave claims that it hasn't seen a slowdown in business, however. The company is on track to end the year with run-rate revenue of more than $100 million, which would mark a 20x increase from a year earlier, according to CEO Darrick Horton (pictured above; in the middle). Nvidia is the favored hardware vendor for data centers that are used for training and running AI models. But TensorWave embraced AMD early on, aiming to provide cloud services at lower prices. TensorWave recently deployed a "dedicated training" cluster of around 8,000 AMD Instinct MI325X GPUs. The new capital will enable the company to grow that cluster, as well as expand headcount and support "operational growth," said Horton. TensorWave has a team of around 40 people at present, and expects headcount to reach over 100 by the end of the year. "This $100 million funding propels TensorWave's mission to democratize access to cutting-edge AI compute," Horton added. "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." Other data center providers placing bets on AMD's AI chips range from startups like Lamini and Nscale to larger, more entrenched cloud providers such as Azure and Oracle. Horton co-founded TensorWave with Jeff Tatarchuk (pictured above; on the left) and Piotr Tomasik (pictured above; on the right) in 2023. Tatarchuk had previously launched cloud vendor VMAccel with Horton, and sold another startup, Lets Rolo, to digital identity firm LifeKey. Horton co-founded crypto mining company VaultMiner Technologies, VMAccel's corporate parent. As for Tomasik, he co-launched influencer marketer site Influential, and is the second co-founder of Lets Rolo. This article originally appeared on TechCrunch at 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
The Star
14-05-2025
- Business
- The Star
AI infrastructure firm TensorWave raises $100 million in latest funding
A message reading "AI artificial intelligence", a keyboard, and robot hands are seen in this illustration taken January 27, 2025. REUTERS/Dado Ruvic/Illustration (Reuters) -TensorWave, a Las Vegas-based startup, announced on Wednesday that it has secured $100 million in the latest funding round, as it aims to capitalize on the rapidly expanding AI infrastructure market. The company, however, did not disclose the valuation at which the funding was raised. The Series A funding round was led by Magnetar and AMD Ventures along with participation from existing partners, including Maverick Silicon and Nexus Venture Partners, and new investor Prosperity7. With the growing demand for AI computing resources, companies such as TensorWave are emerging as key players by offering the tools and infrastructure required to efficiently train AI models and optimize workloads. "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", the company said. With the latest fundraise, the startup plans to scale operations, expand its team and accelerate the deployment of AMD-powered GPU clusters tailored for AI model training. "This $100M funding propels TensorWave's mission to democratize access to cutting-edge AI compute," said TensorWave CEO Darrick Horton. (Reporting by Priyanka.G in Bengaluru; Editing by Vijay Kishore)
