TensorWave Secures $43M to Launch AMD-Powered AI Cloud

The Las Vegas startup aims to challenge Nvidia's dominance by offering a cloud platform built on AMD's Instinct accelerators.

TensorWave plans to deploy thousands of AMD MI300X accelerators in its datacenter to support its new AI inference platform, Manifest.
The startup's choice of AMD hardware is driven by the chips' higher memory capacity and competitive pricing compared to Nvidia's offerings.
CEO Darrick Horton cites a desire to provide an alternative to Nvidia's perceived monopoly in AI compute as a key motivation for TensorWave's founding.
The $43 million funding round, led by Nexus VP and including AMD Ventures, is the largest SAFE round in Nevada's history.
TensorWave expects to generate $25 million in annual recurring revenue by year's end as it scales up to 20,000 MI300X units.