TensorWave raises $350M Series B to scale AMD‑only AI cloud

TensorWave has secured a $350 million Series B round co‑led by AMD Ventures and Magnetar Capital to expand its AMD Instinct MI355X‑based AI cloud. The Nevada‑based startup plans to add MI355X clusters on top of its existing 8,192 MI325X GPUs and scale more than 2 GW of reserved data‑center capacity for large‑scale LLM training and inference.([digitalcitizen.life](https://www.digitalcitizen.life/tensorwave-bets-350-million-on-amd-instinct-mi355x-for-ai-compute-expansion/))