Tensorwave raises $ 100 million to develop the AMD cloud infrastructure

TensorwaveI collected the data center building facilities in the first place with AMD hardware, $ 100 million, as it seeks to increase the building of the data center’s infrastructure.

The financing round led Magnetar and AMD projects, bringing the company’s total capital to $ 146.7 million, According to Crunchbase. The silicone, Nexus Venture Partners and Promperity7, shared the tour.

It is a risky time for data center projects. The high prices of tariff prices on ingredients such as server and chips can increase the cost of building the data center by 5 % to 15 %, For each analysis By TD Cowen.

Investors also warn of such projects that accumulate a lot of capacity, especially as the number of cheap artificial intelligence services continues to grow. An excessive capacity is said to be one of the factors that delay the ambition Openai Stargate Data Data Center project worth $ 500 billion.

Las Vegas, a Nivada -based Tonsur, claims that she has not seen a slowdown in business. The company is on the right road to ending the year with the revenue of the operating rate of more than $ 100 million, which will cause a 20X over one year, according to the CEO of Darrrick Horton (in the image above; in the middle).

NVIDIA is the preferred devices seller for data centers used in training and operating artificial intelligence models. But Tensorwave embraced AMD early, with the aim of providing cloud services at lower prices.

Tensorwave recently published a “dedicated training” group of about 8000 AMD Gronsinct Mi325X GPU. Horton said that the new capital will enable the company to grow this group, in addition to expanding the number of employees and supporting “operational growth”.

Tensorwave has a team of about 40 people today, and the number of employees is expected to reach more than 100 by the end of the year.

“This financing of $ 100 million pays the tensorwave mission to add a democratic character to reach the advanced artificial intelligence account,” Horton added. “The 8,192 GPU GPU collection is the Mi325X instinct is only the beginning where we establish ourselves as an AMD leader in the AI’s expanding infrastructure market.”

Other Data Data Data Center, who put stakes on AMD chips from AMD, ranges from startups such as Lamine And NSCale to the largest and most consolidated cloud service providers Go out Oracle.

Horton participated in the founding of Tensorwave with Jeff TATARCHUK (in the image above; on the left) and Piotr Tomasik (in the picture above; on the right) in 2023. TATARCHUK had previously launched a VMACCEL seller with Horton, and sold another start, allowing Rolo, to the digital identity company. Horton participated in the establishment of Crypto Mining Companey Vaultminer Technologies, VMACCECEL’s Corporate. As for Tomasik, he participated in the launch of the influential influential marketed site, the second founder of Lets Rolo.