What does TensorWave do?
TensorWave develops innovative AI infrastructure solutions powered by AMD Instinct Series GPUs, delivering high-bandwidth, memory-optimized HPC and AI cloud performance.
How much did they raise?
The company raised $100M in Series A funding led by Magnetar and AMD Ventures, with participation from Maverick Silicon, Nexus Venture Partners, and Prosperity7.
What are their plans for the money?
The funds will be used to accelerate operational growth, expand the team, and rapidly deploy its Instinct MI325X-powered training cluster, potentially transforming its high-performance computing capabilities.
What have they achieved so far?
TensorWave has already deployed over 8,000 AMD Instinct MI325X GPUs for its dedicated training cluster and is on track to close the year with a revenue run rate exceeding $100 million, marking a 20x year-over-year increase.
