News Summary

Las Vegas-based AI infrastructure startup TensorWave has successfully raised $100 million in a Series A funding round, co-led by Magnetar and AMD Ventures. With participation from Maverick Silicon, Nexus Venture Partners, and Prosperity7, the new capital injection brings TensorWave’s total funding to $146.7 million. The startup plans to use the funds to expand its data center infrastructure, focusing on AMD hardware. TensorWave is on track to achieve run-rate revenue exceeding $100 million by the end of the year, marking a significant growth since its inception in 2023. The company is also planning to increase its workforce from 40 to over 100 employees by year-end and expand its AI training cluster powered by 8,192 AMD Instinct MI325X GPUs. Co-founded by Darrick Horton, Jeff Tatarchuk, and Piotr Tomasik, TensorWave aims to democratize access to cutting-edge AI compute, positioning itself as a leader in the rapidly expanding AI infrastructure market.