The 1864 Fund, a nevada-based seed-stage venture capital fund, completes deployment of its $10 million fund across eight companies. The economic development efforts of StartUpNV continue to support the growth of Nevada's startup ecosystem, and its affiliated venture capital fund, the 1864 Fund has now raised and invested $10 million in eight companies. Created to invest primarily in highly scalable startups with at least $500,000 in sales in the western region of the United States, the 1864 Fund made its first investment of $500,000 last year in Lucihub, a Las Vegas-based next-generation video production platform. So far this year, the 1864 Fund has invested in Variabl, Tilt AI, Dimension Studios, Voltaire, Armentus, TensorWave, and BuildQ. Many of these companies have also received funding through other affiliated venture funds like FundNV and AngelNV, which also offers educational workshops for entrepreneurs. To be considered for an investment from the 1864 Fund, startups must (at a minimum) have: * Coachable founder(s) focused on an exit in less than 7 years * At least $500,000 in annual sales, growing at more than 3X annually * Ability to command a mid-eight-figure valuation in less than 5 years * A highly valued, essential solution that has a large potential market * Rapid sales growth with very low customer churn Companies with large up-front capital requirements, long lead times, crypto-centric business models, or a consumer packaged goods (CPG) focus generally fall outside the fund's investment thesis. Companies seeking an investment from the 1864 Fund do not have to be from Nevada but must be based in the United States and are typically west of the Mississippi, outside the traditional venture enclaves such as California, Washington, or New York. Of the eight companies receiving an investment from the 1864 Fund, six are based in Nevada and one plans to move to the state before its next investment round. The first seed fund based in Nevada specifically for accredited investors who invest $50,000 or more, the 1864 Fund is managed by Granite Partners, a group of four former and current founders with seven successful exits among them, including Jeff Saling, executive director of StartUpNV; Steve Hurst, founder of Mind Medicine; Piotr Tomasik, co-founder of TensorWave; and Leith Martin, executive director of the Troesh Center for Entrepreneurship at the University of Nevada - Las Vegas. Spanning the Boomer, Gen X, and Millennial generations, the managing partners supervise the fund's investment selection committee of individuals who invest $1 million or more. "Through StartUpNV, AngelNV, and FundNV, we have successfully supported local startups that are just starting or in their pre-seed phase of development, however, there are many companies in Nevada and the American West that have proven themselves viable, are ready to scale, and need seed-stage investment," said Saling. "The 1864 Fund seeks to be a venture capital leader for these companies that aren't located in the typical enclaves like Silicon Valley or Seattle. By growing the investment community in Nevada and neighboring states, we seek to drive returns while making an impact in the communities we serve through economic development, diversification, and resiliency." Since 2021, Granite Partners (GP) has invested more than $35 million via 40-plus investments in nearly three dozen startups. GP's managed funds and syndicate investments are worth about $100 million as of Q2 2026 and include more than 500 unique high-net-worth investors. GP has formal partnerships with StartUpNV and Nevada's Battle Born Venture program (part of the federal State Small Business Credit Initiative, or SSBCI), which matches its investments in Nevada startups 1:1. Additionally, seven venture funds and multiple angel groups have followed GP's lead since 2021, adding more than $400 million to portfolio companies. About 1864 Fund As a $10 million seed-stage fund, the 1864 Fund is affiliated with StartUpNV's programs supporting early-stage companies and founders. The Fund is based in Nevada but invests regionally. It partners with local economic authorities to maximize the access founders have to capital. Initial investments are generally between $250,000 and $500,000 in rounds from $500,000 to $2.5 million, with follow-on investments in the strongest companies ranging into the mid seven figures. All investors must be accredited, and fund costs are at traditional market rates of "2 and 20". For more information visit: https://1864.fund/. July 10, 2025 Clark County Alerts on New Scam Clark County recently sent an alert reminding Nevadans that the county clerk does not issue citations. This is in response to a fraudulent notice that some received requiring payment to the court. The notice reads "Failure to Appear" with a citation amount. Land Lease... August 7, 2025 In "Around the State" December 19, 2025

TensorWave Raises $350M at $1.55B Valuation to Expand AMD-Only AI Cloud and Rival NVIDIA. TensorWave expands US AI data centers across three states, taps AMD chips and ROCm software improvements to meet surging demand and reduce dependence on NVIDIA's limited GPU supply. Published on: 10 Jun 2026, 7:45 am Updated on: 10 Jun 2026, 7:45 am TensorWave has reached a major milestone after it raised $350 million in a new funding round. The deal values the cloud computing startup at $1.55 billion, showing strong growth in a short time. Last year, the company was valued at nearly $400 million. The startup follows a different path in a market led by NVIDIA. TensorWave builds AI data centers using only AMD AI chips. It stands out in the AI infrastructure space by not using NVIDIA's GPUs or software. TensorWave Bets on AMD-Only AI Infrastructure. Discover more Digital Currencies AI technology insights Stock market insights Darrick Horton, co-founder and Chief Executive, leads the strategy to compete against NVIDIA. He believes the AI market needs more balance and better competition. The company focuses on giving customers more options instead of depending on a major supplier. The latest TensorWave funding round includes support from AMD and Magnetar Capital. This shows strong trust in AMD-based systems and their future in AI computing. The company plans to use this money to expand its data centers and improve its overall setup. New funding to expand data center capacity. TensorWave already runs three AI data centers in the United States. These centers are in Pennsylvania, Arizona, and Florida. The company also signed new deals for more space and plans to grow its capacity in the coming year. Demand for AI data centers continues to rise, which supports this expansion plan. Discover more Cryptocurrency investment guide Crypto market trends Business intelligence reports AMD AI chips play a key role in this growth. The company has worked to improve its ROCm software, making it easier to use. This improvement helps AMD compete better with NVIDIA's popular CUDA platform. Experts also say AMD chips perform well in inference tasks, which helps AI models give answers quickly. Rising demand creates opportunities beyond NVIDIA. The market shows a clear shift as more companies look for alternatives. High demand and supply limits have made NVIDIA chips difficult to access. This situation creates opportunities for startups like TensorWave to grow faster. TensorWave aims to fill this gap by offering reliable and fast AI infrastructure. The company believes it can quickly use any new data center it builds as demand remains strong.

TensorWave, a cloud-computing startup using exclusively AMD technology instead of Nvidia products, has raised $350 million in a Series B round led by AMD and hedge fund Magnetar Capital, valuing the company at $1.55 billion. Founded in 2023, TensorWave operates data centres using AMD chips and positions itself as an alternative to Nvidia, which dominates the artificial intelligence infrastructure market. The new funding nearly quadrupled its valuation from approximately $400 million a year ago. Chief executive Darrick Horton said the company was created to "restore competition to the market", adding that he dislikes buying from monopolies. TensorWave will use the capital to expand its infrastructure footprint and purchase additional equipment.