TensorWave
TensorWave is an AI / GPU Cloud company founded in 2023 and based in Las Vegas, United States. It has raised $493M in total funding, most recently a Series B in 2026 at a $1.6B valuation.
Founded in 2023 and based in Las Vegas, TensorWave is an AI cloud built exclusively on AMD Instinct GPUs, positioning itself as a deliberate alternative to Nvidia-dominated infrastructure. Led by co-founder and CEO Darrick Horton, the company deploys MI300X-class and later MI325X accelerators to serve AI training and inference workloads. In October 2024 it raised a $43M SAFE round—reported as the largest in Nevada startup history—led by Nexus Venture Partners, and in June 2026 closed a $350M Series B led by Magnetar and AMD Ventures at a $1.55B valuation to expand its global data-center footprint and deploy next-generation AMD Instinct GPU clusters.
It is one of the most prominent pure-play AMD GPU clouds, testing whether AMD's accelerators can be a credible at-scale alternative to Nvidia for AI compute.
tensorwave.com ↗·AI / GPU Cloud·
United States·private 
