TensorWave, a U.S. company that builds infrastructure for artificial intelligence and is supported by U.S. chipmaker AMD, has raised $100 million in its Series A funding round.
Magnetar and AMD Ventures led the funding. Other investors included Prosperity7 (a fund backed by Saudi Aramco), Maverick Silicon, and Nexus Venture Partners.
The new funding will help TensorWave speed up the launch of the world’s largest AMD liquid-cooled GPUs comprising 8,192 Instinct MI325X chips.
This funding strengthens TensorWave’s position as a leader in meeting the growing need for advanced AI computing systems.
TensorWave CEO Darrick Horton said the funding is helping the company move forward with its goal of making powerful AI computing tools available to everyone.
This new funding will help TensorWave grow its operations, hire more team members, and roll out its GPU collections faster.
This comes at a key time, as the demand for AI computing power is higher than the available supply, and many organizations are looking for better infrastructure options.
The AI infrastructure market is growing faster than ever, and recent reports say it could be worth over $400 billion by 2027.
TensorWave’s use of advanced technology and partnerships with top companies puts it in a strong position to grab a big share of this fast-growing market.
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