A Las Vegas-based unreality computing startup has breached a grounds for the largest Series B backing secured successful Nevada history.
TensorWave, the AMD-powered artificial quality cloud, has raised $350 cardinal successful Series B funding, led by Magnetar and AMD Ventures, with continued information from Maverick Silicon, Nexus Venture Partners and Western Frontier.
The post-money valuation of $1.55 cardinal astir quadruples TensorWave’s worth from past year, erstwhile it raised $100 cardinal successful a circular led by Magnetar and AMD (Advanced Micro Devices) astatine a valuation of $400 cardinal that broke a grounds for the largest Series A backing secured successful Nevada history.
The caller superior volition enactment the enlargement of TensorWave’s planetary AI infrastructure footprint, including the deployment of next-generation AMD Instinct MI355X GPU clusters designed for memory-intensive workloads specified arsenic ample connection exemplary grooming and generative AI applications.
“We’re going to beryllium utilizing it for further enlargement crossed the United States. Data centers. Also equity contributions for GPU financings,” Piotr Tomasik, TensorWave co-founder, president and COO, told the Review-Journal connected Wednesday. “It’s a stepwise alteration for us, not lone successful valuation, but the magnitude that we raised.
“I deliberation it signals that there’s a batch of request for AMD GPU compute. And we person a batch of enactment to bash to deploy the superior arsenic rapidly arsenic we can.”
‘Proud to make institution from Southern Nevada’
Tomasik, a UNLV graduate, said the institution plans to adhd 3 information centers implicit the adjacent six to 8 months, but declined to specify locations. TensorWave presently has 3 operational information centers successful Arizona, Florida and Pennsylvania.
TensorWave is continuing to put successful its Las Vegas institution headquarters, located astatine Town Square, and plans to grow hiring crossed engineering, infrastructure, operations, income and lawsuit occurrence roles. Tomasik said the institution expects to treble the fig of employees implicit the adjacent 12 months, from astir 160 to betwixt 300 and 400.
“I’m arrogant that we’re capable to make a institution similar this from Southern Nevada,” helium said. “It’s a truly large happening for diversifying the system and keeping the tech growing.”
The institution antecedently raised the largest startup backing successful Nevada past successful October 2024, landing $43 cardinal successful effect funding. Less than a period aft TensorWave was founded successful December 2023 by Tomasik, CEO Darrick Horton and main maturation serviceman Jeff Tatarchuk, it received an infusion of $2.2 cardinal from StartUpNV.
A GPU (Graphics Processing Unit) is simply a specialized spot that tin process thousands of mathematical computations concurrently to accelerate grooming and moving AI models.
What sets TensorWave isolated is that it’s powered exclusively by AMD’s GPUs alternatively of the marketplace person Nvidia’s GPUs arsenic portion of its ngo of “democratizing AI,” the institution antecedently said. In fact, the Wall Street Journal has described TensorWave arsenic an “anti-Nvidia data-center startup,” though Tomasik didn’t notation the institution by sanction successful an interrogation with the RJ.
“The thought was ever to get the champion merchandise to our customers arsenic imaginable and there’s antithetic workloads that lend themselves to AMD better, similar video workloads and ample discourse workloads. Things that request a batch of memory,” helium said. “So it wasn’t conscionable a vengeance quest against anybody. It was conscionable we truly person a large merchandise that radical request to usage to get their companies disconnected the ground.”
TensorWave has expanded importantly pursuing its Series A successful May 2025. The institution present operates 1 of the largest AMD-based AI grooming clusters successful North America, with 8,192 AMD Instinct MI325X GPUs online, and is preparing larger MI355X deployments crossed respective caller information halfway regions successful North America.
“The adjacent signifier of AI volition beryllium defined by who tin entree capable compute to determination from experimentation to production,” Horton said successful a statement. “As models turn larger and workloads go much demanding, enterprises request infrastructure with the representation capacity, show and flexibility to standard without being locked into a azygous ecosystem.
“This concern allows TensorWave to bring AMD Instinct MI355X GPU deployments to much customers and proceed gathering the open, AMD-powered instauration for accumulation AI.”
Contact newsman Todd Dewey astatine tdewey@reviewjournal.com. Follow @tdewey33 connected X.
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