Las Vegas-based TensorWave, which offers AMD-powered cloud infrastructure, raised a $350M Series B led by AMD and Magnetar at a $1.55B post-money valuation (Robbie Whelan/Wall Street Journal)

Techmeme ·

TensorWave raised $350M to expand AMD-powered AI cloud infrastructure, strengthening competition against Nvidia-centric compute providers.

Categories: Money & Moves

Excerpt

<a href="https://www.wsj.com/tech/ai/anti-nvidia-data-center-startup-is-valued-at-1-55-billion-in-new-funding-round-e58b2aec?st=244GCX&amp;reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260610/i19.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260610/p19#a260610p19" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Robbie Whelan / <a href="https://www.wsj.com/">Wall Street Journal</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/tech/ai/anti-nvidia-data-center-startup-is-valued-at-1-55-billion-in-new-funding-round-e58b2aec?st=244GCX&amp;reflink=desktopwebshare_permalink">Las Vegas-based TensorWave, which offers AMD-powered cloud infrastructure, raised a $350M Series B led by AMD and Magnetar at a $1.55B post-money valuation</a></b></span>&nbsp; &mdash;&nbsp; TensorWave will use fresh $350 million to fill more data centers with chips from AMD, an investor</p>