{"id":45643,"date":"2025-05-17T13:57:55","date_gmt":"2025-05-17T10:57:55","guid":{"rendered":"https:\/\/entarabi.com\/?p=45643"},"modified":"2025-05-17T14:04:53","modified_gmt":"2025-05-17T11:04:53","slug":"aramcos-prosperity7-participates-in-100m-funding-round-for-u-s-based-ai-infrastructure-startup-tensorwave","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/05\/aramcos-prosperity7-participates-in-100m-funding-round-for-u-s-based-ai-infrastructure-startup-tensorwave\/","title":{"rendered":"Aramco\u2019s Prosperity7 Participates in $100M Funding Round for U.S.-Based AI Infrastructure Startup TensorWave"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"345\" data-end=\"504\"><strong data-start=\"345\" data-end=\"359\">TensorWave<\/strong> raises <strong data-start=\"367\" data-end=\"383\">$100 million<\/strong> in a funding round led by <strong data-start=\"410\" data-end=\"430\">Magnetar Capital<\/strong> and <strong data-start=\"435\" data-end=\"451\">AMD Ventures<\/strong>, bringing its total funding to <strong data-start=\"483\" data-end=\"501\">$146.7 million<\/strong>.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"345\" data-end=\"504\"><strong data-start=\"507\" data-end=\"522\">Prosperity7<\/strong>, the growth fund of <strong data-start=\"543\" data-end=\"559\">Saudi Aramco<\/strong>, joins the round alongside <strong data-start=\"587\" data-end=\"607\">Maverick Silicon<\/strong> and <strong data-start=\"612\" data-end=\"638\">Nexus Venture Partners<\/strong>.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"505\" data-end=\"641\">\n<p data-start=\"507\" data-end=\"641\">The funds will support <strong data-start=\"667\" data-end=\"689\">hardware expansion<\/strong>, <strong data-start=\"691\" data-end=\"706\">team growth<\/strong> from 40 to over 100 employees, and target <strong data-start=\"749\" data-end=\"784\">$100 million+ in annual revenue<\/strong> by the end of 2025.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"811\" data-end=\"1040\"><br data-start=\"835\" data-end=\"838\" \/><strong data-start=\"838\" data-end=\"852\">TensorWave<\/strong>, a U.S.-based AI infrastructure company, announced the successful closure of a <strong data-start=\"932\" data-end=\"962\">$100 million funding round<\/strong> aimed at accelerating the scale-up of its AMD-powered data center operations.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1042\" data-end=\"1328\">The round was led by <strong data-start=\"1063\" data-end=\"1083\">Magnetar Capital<\/strong> and <strong data-start=\"1088\" data-end=\"1104\">AMD Ventures<\/strong>, with participation from <strong data-start=\"1130\" data-end=\"1150\">Maverick Silicon<\/strong>, <strong data-start=\"1152\" data-end=\"1178\">Nexus Venture Partners<\/strong>, and <strong data-start=\"1184\" data-end=\"1199\">Prosperity7<\/strong>, the investment arm of <strong data-start=\"1223\" data-end=\"1239\">Saudi Aramco<\/strong>. According to Crunchbase, this brings the company\u2019s total funding to <strong data-start=\"1309\" data-end=\"1327\">$146.7 million<\/strong>.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1330\" data-end=\"1634\">Founded in <strong data-start=\"1341\" data-end=\"1349\">2023<\/strong> by <strong data-start=\"1353\" data-end=\"1369\">Darek Horton<\/strong>, <strong data-start=\"1371\" data-end=\"1389\">Jeff Tatarchuk<\/strong>, and <strong data-start=\"1395\" data-end=\"1412\">Piotr Tomasik<\/strong>, <strong data-start=\"1414\" data-end=\"1428\">TensorWave<\/strong> delivers high-efficiency cloud services for AI model training by leveraging <strong data-start=\"1505\" data-end=\"1529\">AMD\u2019s GPU technology<\/strong>. The company recently deployed a dedicated AI training cluster with <strong data-start=\"1598\" data-end=\"1633\">8,192 AMD Instinct MI325X units<\/strong>.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1636\" data-end=\"1949\">The newly raised capital will be used to <strong data-start=\"1677\" data-end=\"1711\">expand infrastructure capacity<\/strong>, <strong data-start=\"1713\" data-end=\"1733\">scale operations<\/strong>, and <strong data-start=\"1739\" data-end=\"1791\">grow the team from 40 to more than 100 employees<\/strong> by the end of 2025. The company also expects its <strong data-start=\"1841\" data-end=\"1882\">annual revenue to exceed $100 million<\/strong> by the end of next year\u2014representing a <strong data-start=\"1922\" data-end=\"1938\">20x increase<\/strong> over 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TensorWave raises $100 million in a funding round led by Magnetar Capital and AMD Ventures, bringing its total funding to $146.7 million. Prosperity7, the growth fund of Saudi Aramco, joins the round alongside Maverick Silicon and Nexus Venture Partners. The funds will support hardware expansion, team growth from 40 to over 100 employees, and target [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":45639,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[8315,8314,8316,8312,8313],"class_list":["post-45643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-amd-ventures-en","tag-magnetar-capital-en","tag-prosperity7-en","tag-saudi-aramco","tag-tensorwave-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/45643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=45643"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/45643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/45639"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=45643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=45643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=45643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}