Las Vegas-Based Startup TensorWave Secures $100 Million in Series A Funding
- JB Quinnon
- May 15
- 1 min read
Las Vegas-Based Startup TensorWave Secures $100 Million in Series A Funding
In a significant milestone for Nevada’s tech sector, Las Vegas-based AI infrastructure startup TensorWave has announced it has secured $100 million in Series A funding. This marks the largest early-stage investment ever for a Nevada-based startup.
The funding round was co-led by Magnetar and AMD Ventures, with participation from existing investors Maverick Silicon and Nexus Venture Partners, alongside new investor Prosperity7. The capital infusion positions TensorWave to scale its operations, grow its workforce, and accelerate the deployment of AMD Instinct™ MI325X GPUs—key components in its high-performance AI computing clusters.
Founded with a mission to democratize access to advanced AI computing power, TensorWave specializes in providing GPU infrastructure tailored for AI model training and deployment. The company is currently headquartered at a coworking space in Town Square, Las Vegas, and employs around 43 people, with the majority based locally.
In addition to securing the historic funding round, TensorWave reported annual revenues exceeding $100 million, reflecting rapid growth in the booming AI infrastructure sector. The global demand for AI computing services is projected to surpass $400 billion by 2027, and TensorWave’s expansion aims to position the company as a key player in this competitive landscape.
The investment also signals growing investor confidence in Las Vegas as an emerging hub for technology and innovation, beyond its reputation as a tourism and entertainment capital.
Source:
Comments