Funding round
TensorWave Series A
TensorWave, which works in AI computing infrastructure development in Las Vegas, raised $100M in a Series A round announced on 14 May 2025, led by Magnetar Capital and AMD Ventures. 5 firms took part, 2 of them already investors. It is TensorWave's second venture round on record; the one before was a Growth in Oct 2024.
$100M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
TensorWave did not disclose a valuation in this round. It came 7 months after TensorWave's Growth. It is 20% of the $493M TensorWave has raised in the venture rounds on record. TensorWave raised again 13 months later: a Series B round of $350M in Jun 2026, at $1.55B post-money.
Investors
Who put money in
Magnetar Capital and AMD Ventures led the round with 3 other firms. Maverick Silicon and Nexus Venture Partners had backed TensorWave before.
Lead investors
- backs 17 venture-backed companies new investor
- AMD Ventures new investor
Also in the round
- Maverick Silicon existing investor
- backs 99 venture-backed companies existing investor
- backs 48 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
24 Series A rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $22M, and this round was 4.5 times the median. The closest in time, other companies' Series A rounds in Hosting & Cloud Infrastructure Providers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hosting & Cloud Infrastructure Providers | 8 Apr 2025 | $45M | $354M | Moore & Moore Investment Group |
| Hosting & Cloud Infrastructure Providers | 12 Feb 2025 | $15M | not disclosed | Threshold |
| Hosting & Cloud Infrastructure Providers | 8 Sep 2025 | $64M | not disclosed | byFounders and Skaala |
| Hosting & Cloud Infrastructure Providers | 1 Sep 2025 | $10M | not disclosed | GV |
| Nscale Hosting & Cloud Infrastructure Providers | 9 Dec 2024 | $155M | not disclosed | Sandton Capital Partners |
| Hosting & Cloud Infrastructure Providers | 31 Dec 2024 | $52M | not disclosed | Blisce |
| Hosting & Cloud Infrastructure Providers | 8 Oct 2025 | $25M | not disclosed | Spark Capital |
| Hosting & Cloud Infrastructure Providers | 10 Dec 2024 | $12M | not disclosed | Variant and Polychain |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did TensorWave raise in its Series A round?
TensorWave raised $100M in its Series A round, announced in May 2025.
Who led TensorWave's Series A round?
Magnetar Capital and AMD Ventures led it, with Maverick Silicon, Nexus Venture Partners and Prosperity7 Ventures.
What was TensorWave's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Hosting & Cloud Infrastructure Providers?
24 Series A rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $22M, and this round was 4.5 times the median.
Did TensorWave raise again after this round?
Yes: a Series B round in Jun 2026 of $350M at $1.55B post-money.