en.Wedoany.com Reported - Irish startup TensorX has raised €8 million in seed funding to procure Nvidia Blackwell GPUs and build its AI inference platform in the EU, which will run on dedicated hardware in Dublin and Helsinki.
Founded by Shane Morton, TensorX completed this funding round through its investment vehicle Darius Cubed Ventures. Morton personally invested €4 million to procure the latest Nvidia hardware.
Morton stated that demand for sovereign AI infrastructure in Europe has exceeded supply, a situation directly reflected by enterprises in Germany, France, the Netherlands, and the Nordic countries. He previously founded and sold financial trading software, then acquired Irish data center infrastructure provider ICT Services.
Morton noted that the €8 million investment is just the first step, with larger expansion plans ahead. The company's infrastructure partnerships in Ireland enable it to move at the speed required by the market.
The EU has expressed concerns about US tech companies controlling technology infrastructure and data, while US export control directives have led to the EU losing access to Anthropic's leading AI models Mythos and Fable. An EU spokesperson stated that this further confirms the need to strengthen technological sovereignty. Accenture data shows that 62% of European organizations seek sovereign AI, and Gartner reports that 75% of European enterprises plan to move AI workloads to local providers by 2030.
AI inference is critical to the AI stack but poses data security issues. TensorX says sensitive data in the financial, healthcare, and legal sectors could be retained or reused by third-party providers, violating EU regulations. The company addresses this by running open-source models on dedicated Nvidia GPUs without retaining any data.
TensorX Chairman Tim Grant stated that European enterprises need practical solutions where their data must remain in Europe, on trusted infrastructure, and in compliance with relevant laws. The company is in advanced negotiations for further funding to expand its European footprint, planning to cover Ireland, the UK, Germany, France, and Nordic countries, deploying up to €100 million worth of Blackwell GPUs.
TensorX is part of the Nvidia Inception program and collaborates with Nvidia's long-term partner Dell to procure GPU hardware. The company generates revenue from large regulated enterprises, partner channels, and SMEs building their own AI products on its platform. Currently employing 14 people, TensorX plans to hire six more, most of whom will be based in Dublin.
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