TensorWave, a Las Vegas-based cloud-computing startup, rejects Nvidia's dominance in AI infrastructure and has secured a $1.55 billion valuation in its latest funding round.
TensorWave raised $350M at $1.55B valuation (4x in a year), running exclusively on AMD hardware. This breaks NVIDIA's infrastructure dominance, forcing GPU pricing negotiations and enabling enterprises to adopt multi-vendor cloud strategies.
TensorWave has raised $350 million
Jun 11, 2026
03:57 pm
What's the storyIn a major development, TensorWave, an AI-focused cloud computing start-up, has raised $350 million in its Series B funding round.
The investment was led by Advanced Micro Devices (AMD) and hedge fund Magnetar Capital.
TensorWave raises $350M as AMD funds its Nvidia rival
TensorWave raises $350M in Series B funding led by AMD and Magnetar Capital
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AMD-powered cloud startup TensorWave has raised $350M led by AMD and Magnetar at a $1.55bn valuation, nearly four times its worth…
TensorWave closed a $350M Series B led by AMD Ventures and Magnetar Capital, reaching a $1.55B valuation as it scales AMD-powered…
Data center infrastructure startup TensorWave raises $350M to help break Nvidia's AI chip monopoly - SiliconANGLE
Las Vegas-based TensorWave has raised a $350M Series B co-led by Magnetar and AMD Ventures at a $1.55B valuation to scale one of…
TensorWave closed a $100M Series A co-led by AMD Ventures and Magnetar, deploying 8,192 AMD MI325X GPUs as it targets…
The chip giant has increasingly become an investor of companies involved in the AI boom.
