With all these tariffs messing with the prices of stuff like server racks and chips, analysts say we might see a 5% to 15% bump in data center construction costs. And get this despite Nvidia being the cool kid on the block for AI stuff TensorWave went with AMD right from the start to keep their cloud services wickedly competitive.
The latest scoop is that TensorWave just decked out this entire training cluster with about 8000 AMD Instinct MI325X GPUs né?. Tatarchuk’s got a track record with launching VMAccel, selling Lets Rolo to Lifekey, and co-founding VaultMiner Technologies. And get this the big shots Magnetar and AMD Ventures led the funding round pushing the total capital raised by TensorWave up to a hefty $146.7 million né?. And Tomasik? He was all about Influential and getting Lets Rolo up and running alongside Tatarchuk né?. The masterminds behind TensorWave – Jeff Tatarchuk Darrick Horton and Piotr Tomasik – kicked things off back in 2023 né?. So, picture this: TensorWave, this data center provider that’s all about using AMD hardware to power up its facilities, just scored a cool $100 million in funding to keep on expanding its data center business. Investors are playing it safe, especially with all these cheap AI services flooding the market. I mean even OpenAI’s grand $500-billion Stargate data center project hit a bump due to overcapacity issues.
But guess what? While some data center projects are hanging by a thread our friends over at TensorWave are freaking rocking it! Word is they’re on track to end the year with revenues shooting over $100 million which is like 20 times what they made last year né?. Other players like Maverick Silicon Nexus Venture Partners and Prosperity7 also threw in their support for the cause.
Now things are not all rainbows and butterflies in the data center world right now. So these guys know their stuff! né?. And this fresh stash of cash? It’s going to help them boost that cluster hire more folks and just fuel their growth even more according to the head honcho Darrick Horton.
They’ve got around 40 folks on their team right now but plans are in the works to hit 100 employees by the end of the year
