{"id":"747399cb-bd1e-4473-924e-f8d70be70298","name":"TensorWave","slug":"tensorwave","description":"TensorWave is an AMD-exclusive GPU cloud built as a deliberate counterweight to the Nvidia-dominated neocloud pack. Founded in 2023 and headquartered in Las Vegas, the company was among the first commercial clouds to stand up AMD Instinct MI300X capacity at scale, and it has since expanded its fleet to include MI325X, MI355X, and MI455X accelerators. Its pitch to model labs and inference-heavy enterprises is straightforward: MI300-class parts carry more HBM per socket than an H100 or H200, which lets a single node hold larger models resident in memory, and TensorWave is one of the few operators with the AMD supply relationship, ROCm engineering staff, and datacenter footprint to actually rent that capacity by the hour.\n\nThe company positions itself squarely as an alternative to what CEO Darrick Horton has publicly called the \"GPU monopoly.\" It signed a 1 GW infrastructure agreement with Tecfusions in 2024, opened a Las Vegas headquarters campus in April 2026, and in August 2026 disclosed a $6.5 billion contract with Fermi America, one of the largest single commitments any AMD-first cloud has landed. Named partners and tenants include Meta, AMD itself, Moreh, Modular, Luma AI, Featherless AI, MangoBoost, Wafer AI, and Edgecore.\n\nTensorWave has raised more than $500 million across a seed, a $43 million round in October 2024, a $100 million round in 2025, and a subsequent raise that valued the company at roughly $1.55 billion in June 2026. It remains private. The founding team is drawn from datacenter, semiconductor, and cloud infrastructure backgrounds; Horton was named to the Forbes 30 Under 30 AI list for 2026.","status":"private","founded":2023,"hq":"Las Vegas, Nevada, USA","hqLat":36.1674263,"hqLng":-115.1484131,"hqGeocodedAt":"2026-10-10T04:24:50.327Z","hqAddress":null,"hqPrecision":null,"website":"https://tensorwave.com","fundingTotal":"493000000","type":"infrastructure","roles":[],"reviewStatus":"reviewed","heatIndex":0,"lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://tensorwave.com/about","title":"About TensorWave"},{"url":"https://tensorwave.com/blog","title":"TensorWave Newsroom / Blog"},{"url":"https://tensorwave.com/","title":"TensorWave homepage (partners and product)"},{"url":"https://www.datacenterdynamics.com/en/news/amd-focused-cloud-provider-tensorwave-raises-100m/","title":"AMD-focused cloud provider TensorWave raises $100m"},{"url":"https://www.tomshardware.com/pc-components/gpus/tensorwave-just-deployed-the-largest-amd-gpu-training-cluster-in-north-america-features-8-192-mi325x-ai-accelerators-tamed-by-direct-liquid-cooling","title":"TensorWave deployed 8,192 MI325X accelerators","sourceName":"Tom's Hardware","publishedAt":"2025-08-01"},{"url":"https://x.com/tensorwave/status/2103571776907473118","title":"TensorWave: ClusterMAX 3.0 Silver rating","sourceName":"X (@tensorwave)","publishedAt":"2026-09-25"},{"url":"https://tensorwave.com/blog/tensorwave-earns-silver-in-clustermax-3-0-as-semianalysis-raises-its-standards","title":"TensorWave Earns Silver in ClusterMAX 3.0 as SemiAnalysis Raises Its Standards","sourceName":"TensorWave (official blog)","publishedAt":"2026-09-25"},{"url":"https://www.magnetar.com/insights/tensorwave-raises-350-million-series-b-at-155b-valuation","title":"TensorWave Raises $350 Million Series B at $1.55B Valuation","sourceName":"Magnetar","publishedAt":"2026-06-10"},{"url":"https://www.businesswire.com/news/home/20250514340458/en/TensorWave-Secures-%24100-Million-Series-A-Funding-Co-Led-by-Magnetar-and-AMD-Ventures","title":"TensorWave Secures $100 Million Series A","sourceName":"Business Wire","publishedAt":"2025-05-14"},{"url":"https://tensorwave.com/blog/tensorwave-raises-43m-in-safe-funding-the-largest-in-nevada-startup-history-to-advance-ai-compute-solutions","title":"TensorWave Raises $43M in SAFE Funding","sourceName":"TensorWave"}],"keyFacts":[{"label":"Silicon partnership","value":"AMD-exclusive; runs MI300X, MI325X, MI355X and MI455X Instinct accelerators, with no Nvidia in the fleet."},{"label":"GPU fleet (company-claimed, Jun 2026)","value":"8,192 AMD Instinct MI325X GPUs online, one of the largest AMD training clusters in North America; larger MI355X deployments in preparation."},{"label":"Data center capacity (company-claimed, Jun 2026)","value":"More than 2 GW of long-term data center capacity secured, including a 1 GW deal signed with Tecfusions in Oct 2024."},{"label":"Series B valuation (company-claimed, Jun 2026)","value":"$1.55B, per the Series B announcement; not specified as pre- or post-money."},{"label":"Anchor contract (company-claimed)","value":"$6.5B agreement with Fermi America, announced Aug 2026."},{"label":"Named customers and partners (company-claimed)","value":"Meta, AMD, Fireworks AI, Luma AI, Moreh, Modular, Featherless AI, MangoBoost, Wafer AI and Edgecore."},{"label":"Hourly pricing","value":"No public rate card as of Aug 2026; pricing is quoted per contract."},{"label":"Positioning","value":"AMD-first alternative to Nvidia-based neoclouds, aimed at memory-intensive training and inference that benefits from more HBM per socket."},{"label":"Headquarters campus","value":"Opened a Las Vegas headquarters in Apr 2026."},{"label":"ClusterMAX 3.0 rating (company-claimed, Sep 2026)","value":"TensorWave says SemiAnalysis ClusterMAX 3.0 gave it a Silver rating, citing onboarding, support, storage performance and cluster reliability."}],"aliases":[],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":null,"stockExchange":null,"secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":null,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-08-28T01:48:20.753Z","updatedAt":"2026-10-12T21:18:59.703Z","jsonLd":{"@context":"https://schema.org","@type":"Organization","@id":"https://registry.deploy.report/companies/tensorwave","url":"https://registry.deploy.report/companies/tensorwave","name":"TensorWave","description":"TensorWave is an AMD-exclusive GPU cloud built as a deliberate counterweight to the Nvidia-dominated neocloud pack. Founded in 2023 and headquartered in Las Vegas, the company was among the first commercial clouds to stand up AMD Instinct MI300X capacity at scale, and it has since expanded its fleet to include MI325X, MI355X, and MI455X accelerators. Its pitch to model labs and inference-heavy enterprises is straightforward: MI300-class parts carry more HBM per socket than an H100 or H200, which lets a single node hold larger models resident in memory, and TensorWave is one of the few operators with the AMD supply relationship, ROCm engineering staff, and datacenter footprint to actually rent that capacity by the hour.\n\nThe company positions itself squarely as an alternative to what CEO Darrick Horton has publicly called the \"GPU monopoly.\" It signed a 1 GW infrastructure agreement with Tecfusions in 2024, opened a Las Vegas headquarters campus in April 2026, and in August 2026 disclosed a $6.5 billion contract with Fermi America, one of the largest single commitments any AMD-first cloud has landed. Named partners and tenants include Meta, AMD itself, Moreh, Modular, Luma AI, Featherless AI, MangoBoost, Wafer AI, and Edgecore.\n\nTensorWave has raised more than $500 million across a seed, a $43 million round in October 2024, a $100 million round in 2025, and a subsequent raise that valued the company at roughly $1.55 billion in June 2026. It remains private. The founding team is drawn from datacenter, semiconductor, and cloud infrastructure backgrounds; Horton was named to the Forbes 30 Under 30 AI list for 2026.","identifier":"747399cb-bd1e-4473-924e-f8d70be70298","foundingDate":"2023","address":"Las Vegas, Nevada, USA","publisher":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":10,"primary_source_types":[]}}}