Funding round
TensorWave Growth
Reported as "Growth Equity"
TensorWave, which works in AI computing infrastructure development in Las Vegas, raised $43M in a Growth round announced on 8 Oct 2024. 5 firms took part. It is TensorWave's first venture round on record.
$43M
Amount raised
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
TensorWave did not disclose a valuation in this round. It is TensorWave's first venture round on record, 1 year after it was founded in 2023. It is 8.7% of the $493M TensorWave has raised in the venture rounds on record. TensorWave raised again 7 months later: a Series A round of $100M in May 2025. Its next priced round, a Series B in Jun 2026, valued it at $1.55B.
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- Maverick Capital new investor
- backs 47 venture-backed companies new investor
- backs 46 venture-backed companies new investor
- new investor
- AMD Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
18 Growth rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $240M, and this round was 18% of the median. The closest in time, other companies' Growth rounds in Hosting & Cloud Infrastructure Providers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Nscale Hosting & Cloud Infrastructure Providers | 1 Dec 2024 | $433M | not disclosed | Blue Owl Capital |
| Hosting & Cloud Infrastructure Providers | 19 Dec 2024 | $333M | $3.50B | LuminArx Capital Management and AMD Ventures |
| Hosting & Cloud Infrastructure Providers | 23 Aug 2024 | $39M | not disclosed | not named |
| Hosting & Cloud Infrastructure Providers | 7 Aug 2024 | $26M | not disclosed | M12 |
| Giant Panda Hosting & Cloud Infrastructure Providers | 16 Jan 2025 | $975M | not disclosed | MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation |
| Khazna Data Centers Hosting & Cloud Infrastructure Providers | 1 Feb 2025 | $2.20B | $5.50B | not named |
| Hosting & Cloud Infrastructure Providers | 1 Feb 2025 | $231M | not disclosed | not named |
| Hosting & Cloud Infrastructure Providers | 1 Feb 2025 | $175M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did TensorWave raise in its Growth round?
TensorWave raised $43M in its Growth round, announced in Oct 2024.
Which investors took part in TensorWave's Growth round?
Maverick Capital, Translink Capital, Javelin Venture Partners, Granite Partners and AMD Ventures.
What was TensorWave's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Hosting & Cloud Infrastructure Providers?
18 Growth rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $240M, and this round was 18% of the median.
Did TensorWave raise again after this round?
Yes: a Series A round in May 2025 of $100M.