TensorWave, a burgeoning data center provider, has successfully raised $100 million in funding, signaling a significant step in its mission to enhance its AMD-powered cloud infrastructure. In 2023, Darrick Horton, Jeff Tatarchuk and Piotr Tomasik started the firm. Now they’re making big moves to carve out a role for it in what’s rapidly becoming one of the hottest AI infrastructure markets.
The new funding will allow TensorWave to grow dramatically, an opportunity for which Vogel is already on the hunt. The company believes it will achieve a run-rate revenue over $100 million by year’s end. None of these incredible accomplishments can be overstated, especially as they represent an amazing 20-times increase from last year’s total. This rapid expansion reinforces TensorWave’s potential within the rapidly expanding field of artificial intelligence and cloud computing services.
Today, TensorWave has deployed their own private training cluster featuring 8,192 AMD Instinct MI325X GPUs. This significant infrastructure investment is indicative of the company’s larger commitment to delivering the most powerful, cutting-edge computing capabilities. As Horton is eager to point out, their 8,192 Instinct MI325X GPU cluster is only the beginning. They are laser-focused on being the best AMD-powered alternative to the increasingly monopolized, booming AI infrastructure market.
The initial team at TensorWave expanded quickly, growing to more than 40 employees, with plans to exceed 100 by the end of the year. This breakneck growth only underscores the company’s soaring aspirations and the skyrocketing demand for the services it touts.
Darrick Horton, the civic tech company’s co-founder & current CEO This is a transformative round for us and will really shape our future as a company. According to CEO Dr. Uday Kumar, “This $100 million funding accelerates TensorWave’s mission to democratize access to cutting-edge AI compute. In addition to his work at the Valley Transportation Commission, Horton co-founded VMAccel with Jeff Tatarchuk. Jeff has a history of lucrative startup launches and exits, most notably Lets Rolo.
Piotr co-founded the influencer marketing platform Influential, and was instrumental at Lets Rolo. Additionally, his breadth of experience and knowledge brings enormous value to the foundation of TensorWave.
TensorWave is making waves with its innovation and rapid expansion. By focusing exclusively on the AI infrastructure market, it hopes to grab an outsized share of the market powered by AMD technology. The company’s five-year growth projection signals great investor confidence and a smart plan for continued expansion.