en.Wedoany.com Reported - Artificial Intelligence cloud service provider TensorWave (which operates entirely on AMD architecture) has completed a $350 million Series B funding round, valuing the company at $1.55 billion.

The round was co-led by Magnetar and AMD Ventures, with participation from Maverick Silicon, Nexus Venture Partners, and Western Frontier.

TensorWave stated that the funds will be used to continue expanding its artificial intelligence infrastructure footprint, including the deployment of AMD Instinct MI355X GPU clusters.

Darrick Horton, CEO and co-founder of the company, stated that the next phase of AI will be defined by who can secure sufficient computing resources to transition from experimentation to production. As model sizes increase and workload demands rise, enterprises need scalable infrastructure with memory capacity, performance, and flexibility, without being locked into a single ecosystem. This investment will enable the company to offer AMD Instinct MI355X GPU deployments to more customers and continue building an AMD-based open foundation for production-grade AI.

Sagi Paz, head of AMD Ventures, added that as demand for AI infrastructure continues to grow, TensorWave is well-positioned to help enterprises scale their AI deployments using high-performance computing based on AMD. The company's commitment to open, flexible infrastructure aligns closely with the AMD ecosystem.

Data Center Dynamics (DCD) previously interviewed CEO Horton to understand why the company chose to focus on AMD computing. Horton stated that when the company was founded, everyone was trying to gain access to NVIDIA GPUs, but TensorWave's in-depth research revealed that the demand for computing access was difficult to meet, and customers did not truly care whether it was NVIDIA. After extensive research, the team chose AMD as the solution and decided to build the company with the goal of scaling AMD computing as a viable alternative to NVIDIA, offering a differentiated and truly unique product in the market. The company remains the only cloud service provider in the world dedicated exclusively to AMD GPUs.

TensorWave's Series A funding round was completed in May 2025, raising $100 million. Since then, the company has launched an AI training cluster equipped with 8,192 AMD Instinct MI325X GPUs and is preparing larger-scale MI355X deployments in multiple new data center regions across North America. The company claims to have secured over 2GW of long-term data center capacity.

TecFusions is a known customer of TensorWave. In January 2026, TensorWave signed an additional 20MW capacity agreement with TecFusions for data centers in Pennsylvania and Arizona.

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