Las Vegas-based startup Tensor Wave has secured a fresh $100 million funding as it is making a big bet on growing demand for AI infrastructure.
The new Series A round was led by Magnetar and AMD Ventures. Other investors include existing backers Maverick Silicon and Nexus Venture Partners, and the prosperity of new participants7. The company did not share the latest ratings.
Tensorwave raises $100 million to expand its AMD-powered GPU cluster
TensorWave uses fresh capital injection to expand its operations, expand teams, and speed up the deployment of instinctive MI325X-based training clusters. The timing won’t improve. The demand for AI calculations exceeds supply, and businesses are actively looking for alternatives to the limited infrastructure available today.
Founded in 2023 by Jeff Tatarchuk, Darrick Horton and Piotr Tomasik, Tensorwave is a GPU cloud platform dedicated to AI workloads. The company offers AMD MI300X accelerators and a high-performance inference engine optimized to request AI tasks.
Tatarchuk and Horton previously worked together to launch cloud vendor VMACCEL, while Tatarchuk also co-founded Rolo, a startup that was later acquired by Digital Identity Company LifeKey. Horton has brought additional experience as a co-founder of VaultMiner Technologies, the parent company of VMACCEL. Meanwhile, Tomasik co-founded the influence of influencer marketing platforms and was the second co-founder behind Lets Rolo.
“The $100 million we secure will change the way businesses access AI computing resources,” said Piotr Tomasik, president of TensorWave. “Through careful development of strategic partnerships and investor relationships, we have placed TensorWave to resolve the critical infrastructure bottlenecks facing AI adoption. The instinct MI325X cluster deployment is not just about adding capabilities.
As more companies built and trained AI models, the demand for computational resources exploded. TensorWave is one of the players intervening to meet that demand by providing an AI-centric infrastructure built to support model training and workload optimization.
“The funding comes as the AI infrastructure market is experiencing unprecedented growth, and a recent industry report predicts the AI infrastructure market to exceed $400 billion by 2027,” the company said.
TensorWave plans to use the new funds to expand the deployment of AMD-powered GPU clusters, expand, expand and speed up scale operations, using the new funds to help AI developers train larger models more efficiently.
“This $100 million funding promotes Tensorwave’s mission to democratize access to cutting-edge AI calculations,” said CEO Darrick Horton.
AI infrastructure space is rapidly heating, and startups like TensorWave want to ensure early leads by providing what is the most important part of the AI boom, with affordable and scalable calculations.
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