Magnetar and AMD Ventures led a $100m Series A round in TensorWave.

Magnetar, a hedge fund, and AMD Ventures, a venture capital firm, led a $100m Series A round in TensorWave, a provider of AMD-powered AI infrastructure solutions, with participation from Maverick Silicon, Nexus Venture Partners, and Prosperity7. "This $100M funding propels TensorWave's mission to democratize access to cutting-edge AI compute. Our 8,192 Instinct MI325X GPU cluster marks just the beginning as we establish ourselves as the emerging AMD-powered leader in the rapidly expanding AI infrastructure market,” Darrick Horton, TensorWave CEO.