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TensorWave raised $43M in SAFE funding led by Nexus VP to advance AI compute solutions in Nevada.

Oct 08, 202410 months ago

Amount Raised

$43 Million

Las VegasInformation TechnologyArtificial Intelligence

Investors

Amd VenturesStartup NvJavelin Venture PartnersTranslink CapitalMaverick CapitalNexus Vp

Description

TensorWave has closed a significant $43 million SAFE funding round, marking the largest in Nevada's startup history. This funding will help TensorWave scale its operations and enhance its AI GPU cloud platform.

Company Information

Company

TensorWave

Location

Las Vegas, Nevada, United States

About

TensorWave is an AI GPU cloud platform that democratizes compute for AI workloads, providing scalable and high-performance solutions. Their services leverage AMD Instinct™ Series GPUs to eliminate long wait times and complexities of on-prem server management. They are focused on addressing challenges in GPU availability and options for startups, enterprises, and researchers. With recent funding, TensorWave aims to expand its team and enhance its AI compute infrastructure.

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Funding Insights

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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