AI infrastructure firm TensorWave raises $100 million in latest funding

Reuters

Wed, May 14, 2025, 4:02 AM 1 min read

(Reuters) -TensorWave, a Las Vegas-based startup, announced connected Wednesday that it has secured $100 cardinal successful the latest backing round, arsenic it aims to capitalize connected the rapidly expanding AI infrastructure market.

The company, however, did not disclose the valuation astatine which the backing was raised.

The Series A backing circular was led by Magnetar and AMD Ventures on with information from existing partners, including Maverick Silicon and Nexus Venture Partners, and caller capitalist Prosperity7.

With the increasing request for AI computing resources, companies specified arsenic TensorWave are emerging arsenic cardinal players by offering the tools and infrastructure required to efficiently bid AI models and optimize workloads.

"The backing comes astatine a clip erstwhile the AI infrastructure marketplace is experiencing unprecedented growth, with caller manufacture reports projecting the AI infrastructure marketplace to transcend $400 cardinal by 2027", the institution said.

With the latest fundraise, the startup plans to standard operations, grow its squad and accelerate the deployment of AMD-powered GPU clusters tailored for AI exemplary training.

"This $100M backing propels TensorWave's ngo to democratize entree to cutting-edge AI compute," said TensorWave CEO Darrick Horton.

(Reporting by Priyanka.G successful Bengaluru; Editing by Vijay Kishore)