TensorWave, an AMD-powered AI infrastructure options supplier, has raised $100m in Sequence A funding to gasoline development.
The funding spherical was led by Magnetar and AMD Ventures, with continued help from Maverick Silicon, Nexus Enterprise Companions, and new investor Prosperity7.
The funding builds on TensorWave’s earlier SAFE spherical and helps the deployment of greater than 8,000 AMD Intuition MI325X GPUs for a devoted coaching cluster.
The corporate stated it’s on observe to shut the 12 months with a income run fee exceeding $100m, marking a 20x year-over-year enhance.
The brand new capital will even be directed in the direction of increasing TensorWave’s crew and accelerating the deployment of its Intuition MI325X-powered coaching cluster.
This development is well timed because the demand for AI computing sources continues to outstrip provide, prompting organisations to hunt alternate options to restricted infrastructure choices.
TensorWave president Piotr Tomasik stated: “The $100m we have secured will remodel how enterprises entry AI computing sources.
“Our Intuition MI325X cluster deployment is not nearly including capability, it is about creating a wholly new class of enterprise-ready AI infrastructure that delivers each the reminiscence headroom and efficiency reliability that next-generation fashions demand.”
AMD Ventures’ funding in TensorWave is a part of its plans to boost its footprint within the AI infrastructure house.
It will be sure that AMD’s new applied sciences can be found within the cloud and at scale for main AI firms and enterprises.
TensorWave provides high-bandwidth, memory-optimised infrastructure powered by AMD Intuition Sequence GPUs, catering to essentially the most demanding fashions in coaching or inference.
“TensorWave secures $100m in Sequence A funding” was initially created and revealed by Verdict, a GlobalData owned model.
The knowledge on this website has been included in good religion for normal informational functions solely. It isn’t supposed to quantity to recommendation on which you need to rely, and we give no illustration, guarantee or assure, whether or not categorical or implied as to its accuracy or completeness. It’s essential to acquire skilled or specialist recommendation earlier than taking, or refraining from, any motion on the premise of the content material on our website.
