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- TensorWave
TensorWave Revenue, Valuation, Funding & Investors
TensorWave is valued at $1.6B as of June 2026.
Last TensorWave valuation
$1.6B
Series B · Jun 2026
Last TensorWave funding round
$350M
Series B · Jun 2026
TensorWave revenue
$100M
Series A · May 2025
Key investors in TensorWave
Nexus Venture Partners
AMD Ventures
Maverick Silicon
Magnetar Capital
FundNV
Javelin Venture Partners
About TensorWave
TensorWave is an AI cloud platform at tensorwave.com powered by AMD Instinct MI300X accelerators for high-performance computing. It supports multi-GPU scaling for memory-intensive workloads like large model training and scientific simulations.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
Revenue
$100M (May 2025)
Valuation
$1.6B (Jun 2026)
TensorWave Valuation
TensorWave is currently valued at $1.6B, based on its Series B in June 2026.
The $350M round was led by AMD Ventures and Magnetar Capital, with participation from Maverick Silicon, Nexus Venture Partners and Western Frontier.
TensorWave's valuation has grown 3.1x from $500M at its Series A in May 2025 to $1.6B in June 2026, across 2 priced rounds.
TensorWave valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2026 | Series B | $1.6B | - |
| May 2025 | Series A | $500M | 5.0x |
TensorWave Revenue
TensorWave's latest recorded revenue is $100M, as of its Series A in May 2025. At a $500M valuation, that implies a 5.0x revenue multiple.
TensorWave revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2025 | $100M | $500M | 5.0x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
TensorWave Funding History
TensorWave has raised a total of $497M across 6 funding rounds.
TensorWave's first fundraising round was a $2M seed round in January 2024. The most recent completed round was a $350M Series B in June 2026.
TensorWave funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Series B | AMD Ventures (lead); Magnetar Capital (lead); Maverick Silicon; Nexus Venture Partners; Western Frontier | $350M | $1.6B | TensorWave raised $350 million in a Series B co-led by Magnetar and AMD Ventures at a $1.55 billion post-money valuation. The round included participation from Maverick Silicon, Nexus Venture Partners, and Western Frontier, and the company said the capital will be used to expand its global AI infrastructure footprint and deploy next-generation AMD Instinct MI355X GPU clusters. The financing was announced on June 10, 2026, and the company is positioned as an all-AMD AI cloud platform focused on memory-intensive workloads and large-scale training, inference, and generative AI use cases. TensorWave is based in Las Vegas, Nevada and was founded in 2023. Its business centers on AMD-powered AI infrastructure rather than Nvidia-based systems, and the company has emphasized deployment of AMD Instinct accelerators across its platform. Publicly cited figures indicate total funding of approximately $493 million following the Series B, with earlier financing including a $43 million round in October 2024 and a $100 million Series A in May 2025. Reported operational scale includes a global AI infrastructure expansion plan and deployment of next-generation GPU clusters. |
| May 2025 | Series A | AMD Ventures (lead); Magnetar Capital (lead); Prosperity7 Ventures; Maverick Silicon; Nexus Venture Partners | $100M | $500M | TensorWave is a Las Vegas-based AI infrastructure startup founded in 2023 by Darrick Horton, Jeff Tatarchuk, and Piotr Tomasik, specializing in cloud services powered by AMD GPUs, particularly the Instinct MI325X, to provide cost-efficient alternatives to Nvidia-dominated AI compute. The company has deployed a dedicated training cluster of 8,192 AMD Instinct MI325X GPUs and serves an expanding portfolio of AI and enterprise customers. On May 14, 2025, TensorWave raised $100 million in a Series A funding round co-led by AMD Ventures and Magnetar Capital, with participation from Maverick Silicon, Nexus Venture Partners, and Prosperity7 Ventures, bringing total capital raised to $146.7 million following a prior $43 million simple agreements for future equity round in October 2024. The round was completed at a $500 million valuation. Funds will support rapid deployment and scaling of GPU clusters, operational growth, team expansion from around 40 to over 100 employees by year-end, and data center build-outs to meet surging AI infrastructure demand. TensorWave is on track to achieve a revenue run rate exceeding $100 million by the end of 2025, representing a 20x year-over-year increase, underscoring strong traction amid a capacity-constrained AI market. The company positions itself as an emerging leader in AMD-powered AI cloud infrastructure, aiming to democratize access to cutting-edge compute for enterprises facing bottlenecks in AI adoption. Investors highlighted TensorWave's expertise in deploying AMD compute and its role in the growing AMD AI ecosystem, with AMD Ventures reinforcing strategic alignment. The startup plans to accelerate global operations and hardware scaling to capitalize on demand for high-performance, memory-rich AI training resources competitive with Nvidia's offerings. |
| Oct 2024 | Seed | Nexus Venture Partners (lead); AMD; Maverick Capital; StartUpNV; Translink Capital; Javelin Venture Partners | $43M | - | TensorWave is a Las Vegas-based AI GPU cloud platform founded in 2023, providing cloud-based AI computing infrastructure using AMD Instinct GPUs like MI300X as an alternative to Nvidia's dominance. The company secured $43 million in a SAFE funding round in October 2024, led by Nexus Venture Partners with participation from Maverick Capital, Translink Capital, Javelin Venture Partners, StartupNV, and AMD Ventures, marking the largest SAFE round in Nevada startup history. Funds are allocated to scale the team, expand data center capacity by deploying thousands of AMD Instinct MI300X GPUs, prepare for MI325X integration, and launch the enterprise inference platform Manifest for low-latency document analysis, secure data processing, and larger context windows. At the time of the funding, TensorWave reported $3 million in annual recurring revenue (ARR) with projections of $25 million by year-end, highlighting early traction in the booming AI compute market amid global AI sector growth from $196.63 billion in 2023 to a projected $1.81 trillion by 2030. The startup positions itself to address compute accessibility and performance challenges for startups and enterprises, emphasizing open-source AI futures and AMD technology. Investors praised TensorWave's expertise in cloud compute, AI software, and hardware deployment, with plans to challenge Nvidia's monopoly through affordable, high-performance alternatives. Subsequent developments include a $100 million Series A in a later announcement co-led by Magnetar and AMD Ventures, with participation from Maverick Silicon, Nexus Venture Partners, and Prosperity7, building on the SAFE round to further capitalize on AI infrastructure demand. |
| Apr 2024 | Seed | FundNV (lead); Angel Collective Opportunity Fund | $900K | - | - |
| Jan 2024 | Seed | Battle Born Venture | $500K | - | - |
| Jan 2024 | Seed | FundNV (lead) | $2M | - | - |
Who has invested in TensorWave?
14 investors have backed TensorWave across its funding rounds, including Nexus Venture Partners, AMD Ventures, Maverick Silicon, Magnetar Capital, FundNV and Javelin Venture Partners.
Lead investors include AMD Ventures, Magnetar Capital, Nexus Venture Partners and FundNV.
TensorWave Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Oct 2024 | ||
| 2 | Lead | May 2025 | ||
| 2 | Lead | May 2025 | ||
| 2 | Participant | May 2025 | ||
| 2 | Lead | Jan 2024 | ||
| 1 | Participant | Jan 2024 | ||
| 1 | Participant | Oct 2024 | ||
| 1 | Participant | May 2025 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Oct 2024 | ||
| 1 | Participant | Oct 2024 | ||
| 1 | Participant | Oct 2024 | ||
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Start Free TrialTensorWave Competitors
TensorWave competitors include listed companies like Anterix and C3.ai, and private ones like WEKA, Dt Dream, Render and Optimism.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7M | ($29M) | $1.5B | 103.4x | ||
| Private | $100M | - | $1.6B | 16.0x | ||
| Private | - | - | $1.5B | - | ||
| Private | $27M | - | $1.5B | 55.6x | ||
| Private | $45M | - | $1.6B | 36.7x | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x |
TensorWave Public Comps
TensorWave is still privately-owned, but its public comps include Anterix, Nava, C3.ai, VNET Group, Boost Run, Richinfo Technology, E2E Networks, Beijing Topnew Info, Odine and UCloud Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7M | ($29M) | 216.3x | 103.4x | (47.7x) | (46.7x) | |||
| $445M | $192M | 3.8x | - | 8.8x | - | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $1.5B | $463M | 4.1x | 3.7x | 13.2x | 11.8x | |||
| $27M | ($4M) | 58.1x | 11.8x | (419.7x) | 25.1x | |||
| $273M | $51M | 4.3x | 4.6x | 22.8x | 18.3x | |||
| $26M | $14M | 49.8x | 24.8x | 91.6x | 36.2x | |||
| $39M | ($4M) | 29.7x | - | (325.1x) | - | |||
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Common questions about TensorWave
| When was TensorWave founded? | TensorWave was founded in 2023. |
| Where is TensorWave headquartered? | TensorWave is headquartered in Las Vegas, NV, United States. |
| Is TensorWave publicly listed? | No, TensorWave is a private, VC-backed company. |
| What is TensorWave's valuation? | TensorWave was last valued at $1.6B in its Series B in June 2026. |
| How much funding has TensorWave raised? | TensorWave has raised $497M across 6 funding rounds. |
| What was TensorWave's last funding round? | TensorWave's last funding round was a $350M Series B in June 2026, led by AMD Ventures and Magnetar Capital. |
| Who are TensorWave's investors? | TensorWave's investors include Nexus Venture Partners, Magnetar Capital, AMD Ventures, Maverick Silicon, FundNV, Battle Born Venture, AMD, Prosperity7 Ventures, Angel Collective Opportunity Fund, Maverick Capital and 4 others. |
| What is TensorWave's revenue? | TensorWave's latest recorded revenue is $100M (May 2025). |
| What is TensorWave's revenue multiple? | TensorWave's latest valuation implies a 5.0x revenue multiple ($500M valuation on $100M of revenue). |
| Which companies are comparable to TensorWave? | Companies comparable to TensorWave include Anterix, WEKA, Dt Dream, Render, Optimism and C3.ai. |
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