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Overview
TensorWave provides cloud-based AI computing resources for large-scale workloads, with a focus on PyTorch. It runs on AMD MI300X hardware with a scalable fabric, offering pools of VRAM exceeding 1 petabyte accessible via subscription or pay-as-you-go. It differentiates itself by using AMD-based hardware and a large VRAM pool to offer cost-efficient, scalable compute without customers owning hardware. The goal is to become a leading provider of scalable, high-performance AI cloud infrastructure that enables enterprises and research institutions to train, fine-tune, and deploy large models at predictable, competitive costs.
About TensorWave
Industries
Data & Analytics
Hardware
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$493M
Headquarters
Las Vegas, Nevada
Founded
2023
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Simplify's Take
What believers are saying
- Next-generation MI355X clusters enable high-throughput inference for expanding enterprise AI use cases.
- Global infrastructure expansion supports multinational customers needing geographically distributed compute capacity.
- Revenue above $100 million indicates strong product-market fit and repeatable enterprise demand patterns.
What critics are saying
- NVIDIA Blackwell and CUDA dominance force TensorWave to compete solely on price, limiting enterprise switching.
- AMD supply allocation is a hard dependency; shipment or HBM shortages will immediately stall growth.
- ROCm software gaps versus CUDA increase onboarding time, support burden, and customer churn risk.
What makes TensorWave unique
- TensorWave is the only AI cloud built exclusively on AMD Instinct GPUs, avoiding NVIDIA monopolies.
- It offers memory-optimized infrastructure scaling to over 1 Petabyte VRAM for large language model training.
- The platform uses an open-ecosystem, high-bandwidth design to bypass vertically integrated GPU supply chains.
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Funding
Total Funding
$493M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Stock Options
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Paid Vacation
Paid Sick Leave
Paid Holidays
Sabbatical Leave
Hybrid Work Options
401(k) Retirement Plan
401(k) Company Match
Parental Leave
Mental Health Support
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 3%2 year growth
↑ 13%TensorWave, an AMD-exclusive AI cloud provider, has partnered with Credo Technology to deploy Credo's ZeroFlap Active Electrical Cables and optical transceivers across its next-generation AI cluster infrastructure. The collaboration aims to deliver faster deployment times and higher cluster reliability for AI workloads. Credo's ZeroFlap technology offers 100 million hours mean time between failures and claims reliability 1,000 times better than legacy interconnect solutions. The system integrates with Credo's PILOT telemetry platform for real-time monitoring and fault isolation. TensorWave, which has raised over $166 million from investors including Magnetar, AMD Ventures and Nexus Venture Partners, operates one of the world's largest all-AMD GPU clouds. The partnership supports the company's mission to provide production-grade AI infrastructure for enterprise customers and AI labs.
At the AMD Advancing AI 2025 event, global innovators including Dell Technologies, Supermicro, Vultr, TensorWave, and AWS shared how they're helping organizations move through each critical phase of AI adoption with open, flexible, and solutions using AMD technology.
Prosperity7, Aramco's VC arm, leads USD 100M Series A funding in US-based AI infrastructure startup TensorWave.
In a big swing that signals just how hot the AI infrastructure race has become, TensorWave announced a $100 million Series A funding round co-led by Magnetar and AMD Ventures, with participation from Maverick Silicon, Nexus Venture Partners, and new investor Prosperity7.
TensorWave, a Las Vegas, NV-based company developing AMD-powered AI infrastructure solutions, raised $100M in Series A funding
TensorWave is Hiring for 28 Jobs on Simplify!
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About TensorWave
Industries
Data & Analytics
Hardware
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$493M
Headquarters
Las Vegas, Nevada
Founded
2023
TensorWave is Hiring for 28 Jobs on Simplify!
Find jobs on Simplify and start your career today