TensorWave has successfully raised $43 million in funding to expand its datacenter with AMD’s Instinct accelerators. The Las Vegas-based company, established in 2023, is capitalizing on the growing AI market by utilizing AMD’s high-performing GPUs over competitors. With new funding, TensorWave aims to deploy thousands of AMD MI300X-based systems, enhancing its datacenter capacity and launching its Manifest inference platform later this year. With AMD’s accelerators gaining traction among major cloud services, TensorWave plans to leverage these to meet soaring demands for AI compute resources. In addition to this strategic hardware acquisition, the company is set to introduce an inference service. This platform will allow clients to utilize TensorWave’s resources without the overhead of managing their own infrastructure. This infrastructure supports retrieval augmented generation (RAG), utilizing MI300X’s advanced memory and bandwidth capabilities to handle large datasets efficiently. CEO Darrick Horton expressed confidence in achieving deployment goals by year-end, emphasizing the company’s partnership with AMD.