Tensorwave, a data center supplier that builds structures mainly with AMD hardware, has collected $ 100 million while trying to further build its data center infrastructure.
The financing round was led by Magnetar and AMD Ventures and brings the total capital of the company collected to $ 146.7 million, according to crunchbase. Maverick Silicon, Nexus Venture Partners and Prosperity7 also participated in the round.
It is a precarious moment for data center projects. The increases in prices relating to the rates on components such as server and chip rack could contribute to the overall costs of building the data center increasing by 5% to 15%, for an TD Cowen analysis.
Investors also wary of these projects that accumulate too many capacities, in particular since the number of cheap artificial intelligence services continues to grow. According to reports, excessive capacity is one of the factors that delay the ambitious project of the Stargate Data Center of $ 500 billion in Openii.
Tensorwave, based in Las Vegas, based in Nevada, however, has not seen a slowdown in business. The company is on the right way to conclude the year with revenue for over $ 100 million, which would mark an increase of 20 times compared to the previous year, according to CEO Darrick Horton (pictured above; in the middle).
Nvidia is the favorite hardware supplier for the data centers used for the training and management of artificial intelligence models. But Tensorwave embraced AMD at the beginning, with the aim of providing cloud services at lower prices.
Tensorwave has recently distributed a “dedicated formation” cluster of about 8,000 GPUs Mi325x of about 8,000 AMDs. The new capital will allow the company to grow that cluster, as well as expanding staff and supporting “operational growth”, said Horton.
Tensorwave currently has a team of about 40 people and provides that staff reach over 100 by the end of the year.
“This $ 100 million loan pushes Tensorwave mission to democratize access to the cutting -edge artificial intelligence calculation,” Horton added. “Our Mi325x GPU cluster of 8,192 Istinct marks the beginning while we are staying as an emerging leader of AMD in the AI infrastructure market in rapid expansion.”
Other data centers suppliers who plant bets on AMD chips range from startups such as Lamini and NSCAL to larger and more rooted cloud suppliers such as Azure and Oracle.
Horton co-founded Tensorwave with Jeff Tatarchuk (pictured above; left) and Piotr Tomasik (pictured above; right) in 2023. Tatarchuk had previously launched the VMACEL cloud supplier with Horton and sold another startup, leaves Rolo, to save digital identity. Horton co-founded the company of cryptocurrency minerals Vaultminer Technologies, VMACcel’s company parent. As for Tomasik, he co -lawed the influential of the marketing influencer site and is the second co-founder of Let Rolo.
