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TensorWave
GPU cloudPrivateTensorWave is a GPU cloud based in Las Vegas, United States, founded in 2023. It is privately held.
Capacity, contracted222 MWas disclosed (reported)
Capacity, operating—not disclosed
Valuation$1.55Bpost-money, 10 Jun 2026
Compute deals on record0see table below
Key facts
| Classification | GPU cloudHow types are assigned |
| Status | Private |
| Headquarters | Las Vegas, United States |
| Founded | 2023 |
| Capacity and backlog | TensorWave runs an AMD-only GPU cloud (MI300X, MI325X, MI355X). In August 2026 it signed a 15-year lease of about $6.5 billion at Fermi America's Project Matador in Texas, with a first phase of 222 MW backed by AMD credit support and rights to expand beyond 650 MW. The lease has not yet taken effect: the 31 October 2026 closing date passed without extension, and on 3 November 2026 Fermi said both parties remain committed and are working through the remaining closing conditions, including board approvals and project-level financing (Fermi statement).Reported, not confirmed by the company |
| Chips | AMD Instinct MI300X; MI325X; MI355X |
| Latest financing | $350M, Series B, 10 Jun 2026 |
| Investors named | Magnetar, AMD Ventures |
| Website | tensorwave.com |
| Profiles and work | X @tensorwaveLinkedInGitHub, 19 public reposYouTubeDocsHow links are checked, checked 10 Nov 2026 |
Sources for this table: tensorwave.com, magnetar.com, datacenterdynamics.com, finance.yahoo.comchecked 10 Nov 2026
Compute deals and financings
No compute contract or financing of TensorWave with a public source is on the ledger.
Investors by round
| Investor | Round | Date | Round size | Role | Status | Source |
|---|---|---|---|---|---|---|
| AMD Ventures | Series B | 2026-06-10 | $350M | co-lead | Confirmed | |
| Magnetar | Series B | 2026-06-10 | $350M | co-lead | Confirmed |
Latest posts on X
The most recent posts from @tensorwave, the X account of TensorWave, quoted as posted. Replies and reposts are left out. How posts are selected.
What are you building on AMD? WaveLabs is TensorWave’s developer community for people building and running AI on AMD GPUs. It’s a place to ask questions, share what worked (and what didn’t), and learn from other builders through hands-on demos, technical resources, and community events. Bring a question, a project, or a lesson you wish you’d known sooner. Join WaveLabs → na2.hubs.ly/H08Wmvd0
Seven live demos, dinner, and a chance to ask the builders how it all works. This Wednesday, TensorWave is hosting WaveLabs Demos & Dinner in San Francisco with Spacesheep and Chosen HQ. Come hungry, jump into the demos, and ask the questions you’d usually save for after the talk. TensorWave’s Kevin Hu will demo Self-Improving vLLM, an autonomous AI research loop on @AMD. You’ll also see live demos from @spacesheepdev, @ComposalAI, Terse, @SolidTheAgent, Arceus, and @Chosenhq_AI. 📅 Wednesday, November 11 · 6–9 p.m. PT 📍 Full Studio · 550 Laguna St, San Francisco Seats are limited and…
Making time for the people behind TensorWave. Our employee health fair gave everyone time to focus on themselves, whether that meant getting a health screening, asking questions about their benefits, or enjoying a chair massage and a smoothie with coworkers. Thank you to the vendors and benefits partners who helped us make that time possible! Brown & Brown Pareto Health @MetLife @farmfreshtoyou Flyaway Flamingo Travel Company Spinal Care of Nevada Esther Ruiz @Sunrun Ascensus Las Vegas Eye Docs (Pearle Vision) @PNCBank Las Vegas Chair Massage Catalyst Tea Company Mindful Wellness Brands…
Read the full post on X · With 3 images
checked 10 Nov 2026
Is TensorWave publicly traded?
No. TensorWave is a private company with no publicly traded shares (checked 10 Nov 2026). Its latest disclosed valuation is $1.55B post-money (10 Jun 2026).
EveryNeo is an independent informational project. Nothing here is investment, legal or financial advice. Disclaimer
Other GPU clouds on the ledger
| Company | Status | Contracted | Operating | Valuation / market cap |
|---|---|---|---|---|
| CChronoScale | NASDAQ:CHRN | — | — | $1.69B |
| NNeysa | Private | — | — | $1.4B |
| BBitdeer | NASDAQ:BTDR | — | — | $1.8B |
| VVerda | Private | — | — | $1B |
| SSharon AI | NASDAQ:SHAZ | — | — | $857M |
Work at TensorWave, or see something wrong? Update this profile with a public source. How corrections work.