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TensorWave Secures $100 Million Series A Funding Co-Led by Magnetar and AMD Ventures

TensorWave Secures $100 Million Series A Funding Co-Led by Magnetar and AMD Ventures

May 20, 2025 Craig Etkin

Funding Fuels Rapid Deployment of Massive AMD Instinct MI325X GPU Training Cluster and Supports Scaling for Surging AI Infrastructure Needs

LAS VEGAS–(BUSINESS WIRE)–TensorWave, the emerging leader in AMD-powered AI infrastructure solutions, today announced it has raised $100 million in Series A funding. Magnetar and AMD Ventures led the round, with continued support from Maverick Silicon, Nexus Venture Partners, and new investor Prosperity7. This funding builds on the company’s earlier SAFE round and positions TensorWave to capitalize on the growing demand for next-gen AI compute infrastructure.

Funding Fuels Rapid Deployment of Massive AMD Instinct MI325X GPU Training Cluster and Supports Scaling for Surging AI Infrastructure NeedsShare

The investment aligns with TensorWave’s deployment of over 8,000 AMD Instinct™ MI325X GPUs for a dedicated training cluster, establishing the company as a key player in the AI infrastructure ecosystem. TensorWave is on track to close the year with a revenue run rate exceeding $100 million — a 20x year-over-year increase.

“This $100M funding propels TensorWave’s mission to democratize access to cutting-edge AI compute,” said Darrick Horton, CEO of TensorWave. “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.”

The new capital will fuel TensorWave’s operational growth, team expansion, and the accelerated deployment of its Instinct MI325X-powered training cluster. This growth comes at a pivotal moment, as demand for AI computing resources continues to outstrip supply and organizations seek alternatives to limited infrastructure options.

“The $100 million we’ve secured will transform how enterprises access AI computing resources,” said Piotr Tomasik, President of TensorWave. “Through careful cultivation of strategic partnerships and investor relationships, we’ve positioned TensorWave to solve the critical infrastructure bottleneck facing AI adoption. Our Instinct MI325X cluster deployment isn’t just about adding capacity, it’s about creating an entirely new category of enterprise-ready AI infrastructure that delivers both the memory headroom and performance reliability that next-generation models demand.”

“Our focus is to continue to expand the ecosystem and support developers with the tools, infrastructure, and performance they need to create, scale, and ship production-ready AI,” shares Jeff Tatarchuk, TensorWave’s Chief Growth Officer.

AMD Ventures’ strategic investment in TensorWave reinforces the commitment of AMD to expand its footprint in the AI infrastructure space and ensures its latest technologies are available in the cloud and at-scale for leading AI companies and enterprises.

“TensorWave is a key player in the growing AMD AI ecosystem,” said Mathew Hein, SVP Chief Strategy Officer & Corporate Development, AMD. “Their expanding portfolio of AI and enterprise customers coupled with their expertise in deploying AMD compute infrastructure is driving demand for access to their cutting-edge AI compute services. We’re excited to support their next phase of growth.”

“We continue to be highly impressed by what the TensorWave team has built in just a short period of time. TensorWave is not just bringing more compute but rather an entirely new class of compute to a capacity-constrained market. We think this will be highly beneficial to the AI infrastructure ecosystem writ large, and we’re thrilled to continue our support of the company,” said Kenneth Safar, Managing Director at Maverick Silicon.

The funding comes at a time when the AI infrastructure market is experiencing unprecedented growth, with recent industry reports projecting the AI infrastructure market to exceed $400 billion by 2027. TensorWave’s focus on technology-powered solutions and continued partnerships with firms like TECFusions positions the company to capture a significant portion of this expanding market.

For additional information please visit: https://tensorwave.com.

About TensorWave

TensorWave is the AI and HPC cloud purpose-built for performance. Powered exclusively by AMD Instinct™ Series GPUs, we deliver high-bandwidth, memory-optimized infrastructure that scales with your most demanding models—training or inference. For more information please visit https://tensorwave.com.

Contacts

Media Contact:
press@tensorwave.com

(c)2025 Business Wire, Inc., All rights reserved.


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Business Wire, Las Vegas, Nevada, TensorWave, Venture Capital

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AI might be great at helping engineers write code, but it’s creating a new problem – all that code still needs to be reviewed by humans. CodeAnt AI is stepping in with a solution that uses AI to tackle the review process itself, raising $2 million in seed funding to help engineering teams move faster without sacrificing quality or security. The funding, CodeAnt AI’s first institutional round, values the company at $20 million. It will be used to expand the engineering and business development teams and to scale CodeAnt AI’s code quality and application security platform. For engineering teams already feeling the pressure to ship faster, the investment comes at the perfect time. The funding round was led by Y Combinator, VitalStage Ventures, and Uncorrelated Ventures, and with participation from DeVC, Transpose Platform, Entrepreneur First, and a number of marquee angel investors.

In a statement, Amartya Jha, Co-founder and CEO of CodeAnt AI said, “As AI-driven coding becomes widespread, the real bottleneck isn’t writing code — it’s reviewing it,” “Today, when a developer submits a change request, it often sits idle for hours or even days waiting for peer review. And even when a reviewer does pick it up, they rarely have full context of the code change. This is a critical risk point: most software bugs and vulnerabilities slip through at the peer review stage, where issues could have been caught early and cheaply.”

As AI continues to transform how code gets written, CodeAnt AI is positioning itself as the bridge to a future where code can be both rapidly created and confidently deployed. The founders envision a world where AI doesn’t just help developers write code faster, but also ensures that every line shipped to production is secure, efficient, and ready for the real world – giving engineering teams the confidence to move at the speed their businesses demand.
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Building on its 120-year tradition of caring for Northern Californians, Sutter Health today announced a transformational plan to expand access to its comprehensive, integrated and coordinated high-quality care across the greater East Bay region. As part of this phased approach, Sutter will construct a flagship campus in the City of Emeryville featuring a regional destination ambulatory care complex and a new medical center with an initial capacity of up to 200 beds and room for future expansion. The plan prioritizes recruiting primary care and specialty physicians, reducing barriers for patients when scheduling appointments and obtaining referrals for care, and investing in programs and partnerships to strengthen the healthcare workforce.  

In a statement Warner Thomas, president and CEO of Sutter Health said, “Our Emeryville campus project represents one of the most significant investments we’re making across our system over the next decade and is part of our broader vision to meet the community’s growing demand for expanded access to our services across the East Bay footprint,” “Too many people face challenges in accessing the care they need. At Sutter, we’re committed to breaking down those barriers—expanding care facilities, enhancing imaging capabilities, improving online appointment scheduling and collaborating with the Sutter East Bay Medical Group and our community physician partners to attract more primary and specialty care physicians. 

 
Sutter is investing more than $1 billion to expand services across the East Bay, ensuring patients will be able to conveniently reach comprehensive care within a 15-minute drive from home or work. At the heart of this regional expansion is the newly acquired, 12-acre Sutter Emeryville Campus at Horton and 53rd streets, which will serve as a key healthcare destination.  When complete, the approximately 1.3 million square foot, new medical campus in the heart of Emeryville, will offer outpatient services at two existing buildings totaling approximately 530,000 square feet, at 5555 Hollis Street and 5300 Chiron Street, plus acute care services at a newly constructed medical center adjacent to the Hollis Street property. The Sutter Emeryville campus will also offer medical office space and parking at an existing 1,992-space parking garage.
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Saica Group will begin construction this month on a $110 million expansion project in Anderson Indiana. Saica Group is one of the largest and most advanced European players in the development and production of recycled paper for corrugated packaging. Saica expects to start operations during Q4 2026 and plans to create more than 50 well-paid full-time jobs during the first two years of operation and more than 100 after the facility has completed its ramp-up phase some years after the startup. Designed with future growth in mind, the new facility will have almost 350,000-square-feet and will include manufacturing, converting and production areas, along with a warehouse and office space. 

In a statement Susana Alejandro, President and CEO of Saica Group, said: “Saica is committed to stability and long-term growth in the US. This investment is the proof that we are moving forward with our plans in the American continent as we are convinced that we can provide products that will differentiate us in a crowded market. It reflects our deep commitment to delivering exceptional service, as we believe our knowledge and experience in the production of recycled lightweight papers and corrugated packaging will bring high performance packaging to the US market while becoming more efficient in the use of materials”. 

Saica Group has been in business since 1943 and has a long track record of stable growth in the production of recycled paper and the packaging industry. Saica Group is a family-owned multinational company that cares about people, their well-being and their professional development. Currently the company employs more than 12,000 employees and has a revenue of 3.963 Billion dollars.
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