TensorWave raises $100M to enhance its AMD-powered cloud infrastructure with support from Magnetar and AMD Ventures.

May 14, 2025•3 months ago

Amount Raised

$100 Million

Las VegasInformation TechnologyArtificial Intelligence

Investors

Prosperity7Nexus Venture PartnersMaverick SiliconAmd VenturesMagnetar

Description

TensorWave, a data center provider focused on AMD hardware, has raised $100 million to expand its infrastructure. This funding round was led by Magnetar and AMD Ventures, increasing the total capital raised to $146.7 million. Despite concerns over data center overcapacity, TensorWave anticipates significant revenue growth this year. The new capital will help to grow their dedicated training cluster and increase headcount.

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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