Funding round
TensorWave Series B
TensorWave, which works in AI computing infrastructure development in Las Vegas, raised $350M in a Series B round announced on 10 Jun 2026, led by Magnetar Capital and AMD Ventures, at a $1.55B post-money valuation. 5 firms took part. It is TensorWave's third venture round on record; the one before was a Series A in May 2025.
$350M
Amount raised
$1.55B
Post-money valuation
$1.20B pre-money
5
Investors
2 leads
23%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced TensorWave at $1.55B after the new money. The $350M bought investors about 23% of the company. It came 13 months after TensorWave's Series A. It is 71% of the $493M TensorWave has raised in the venture rounds on record. No later venture round is on record for TensorWave.
Investors
Who put money in
Magnetar Capital and AMD Ventures led the round with 3 other firms.
Lead investors
- backs 17 venture-backed companies new investor
- AMD Ventures new investor
Also in the round
- Maverick Silicon new investor
- backs 99 venture-backed companies new investor
- Western Frontier new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Series B rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $150M, and this round was 2.3 times the median. The closest in time, other companies' Series B rounds in Hosting & Cloud Infrastructure Providers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hosting & Cloud Infrastructure Providers | 12 Aug 2026 | $45M | $550M | Peak XV Partners |
| Fluidstack Hosting & Cloud Infrastructure Providers | 9 Sep 2026 | $1.50B | $18.00B | Jane Street Capital |
| Hosting & Cloud Infrastructure Providers | 22 Sep 2026 | $189M | $1.00B | Emergence Capital |
| Hosting & Cloud Infrastructure Providers | 1 Oct 2026 | $223M | not disclosed | ARCHIV |
| Hosting & Cloud Infrastructure Providers | 20 Oct 2026 | $60M | $1.00B | FirstMark |
| Hosting & Cloud Infrastructure Providers | 9 Oct 2026 | $30M | not disclosed | ADATA Technology |
| PaleBlueDot AI Hosting & Cloud Infrastructure Providers | 28 Jan 2026 | $150M | $1.00B | B Capital |
| Hosting & Cloud Infrastructure Providers | 22 Jan 2026 | $100M | not disclosed | TQ Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did TensorWave raise in its Series B round?
TensorWave raised $350M in its Series B round, announced in Jun 2026.
Who led TensorWave's Series B round?
Magnetar Capital and AMD Ventures led it, with Maverick Silicon, Nexus Venture Partners and Western Frontier.
What was TensorWave's valuation at the Series B round?
$1.55B post-money ($1.20B pre-money).
How does it compare with other Series B rounds in Hosting & Cloud Infrastructure Providers?
9 Series B rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $150M, and this round was 2.3 times the median.