#tensorwave Tech News.
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TensorWave COO Piotr Tomasik observes 'dynamic change' in AI investment. The executive comments on shifting capital flows within the artificial intelligence sector. Tomasik's statement reflects ongoing market adjustments in AI funding.
TensorWave closed a $350 million Series B funding round co-led by Magnetar and AMD Ventures, reaching a $1.55 billion valuation. The startup exclusively uses AMD chips and software, refusing to buy Nvidia hardware. CEO Darrick Horton aims to restore competition in the AI infrastructure market by offering an alternative to Nvidia's GPUs.
TensorWave closed a $350 million Series B at a $1.55 billion valuation, co-led by AMD Ventures and Magnetar Capital. The three-year-old startup exclusively uses AMD Instinct accelerators and has deployed the world's largest liquid-cooled AMD GPU training cluster with roughly 8,000 MI325X chips. The funding will expand data centers and AI computing capacity.
TensorWave raised $350M in Series B funding led by AMD and Magnetar Capital at a $1.55B valuation. The startup runs AI data centers exclusively on AMD chips, positioning as an Nvidia alternative. The capital will expand data-center capacity and deploy more AMD Instinct MI325X accelerators.
TensorWave, a Las Vegas-based AMD-powered cloud infrastructure provider, raised a $350 million Series B led by AMD and Magnetar at a $1.55 billion post-money valuation. The company will use the fresh capital to fill more data centers with chips from AMD, an investor.
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