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TensorWave Raises $100 Million to Expand AMD-Powered AI Infrastructure

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TensorWave, a Las Vegas-based AI infrastructure startup, has raised $100 million in a Series A funding round to scale operations and meet rising demand for high-performance AI computing. The company did not disclose its current valuation.

The round was led by Magnetar and AMD Ventures, with participation from existing backers Maverick Silicon and Nexus Venture Partners, along with new investor Prosperity7.

As AI model development becomes increasingly compute-intensive, firms like TensorWave are positioning themselves as essential enablers by building GPU-based infrastructure designed for efficient model training and workload optimization.

“This $100M funding propels TensorWave’s mission to democratize access to cutting-edge AI compute,” said CEO Darrick Horton.

Strategic Focus and Market Context

TensorWave plans to use the fresh capital to:

  • Scale operations and expand its team

  • Deploy AMD-powered GPU clusters

  • Accelerate delivery of infrastructure tailored to AI workloads

The announcement comes amid projections that the global AI infrastructure market will exceed $400 billion by 2027, driven by the rapid adoption of generative AI, machine learning, and data-intensive applications.

Unlike many competitors reliant on Nvidia hardware, TensorWave’s focus on AMD GPUs could offer cost advantages and diversification for AI developers seeking alternatives in a supply-constrained market.

Industry Momentum

The funding reflects growing investor confidence in companies that support the underlying layers of AI innovation — particularly those offering scalable, affordable compute infrastructure for startups, research institutions, and enterprises alike.

TensorWave joins a wave of AI infrastructure startups benefiting from explosive interest in model training platforms, data center hardware, and cloud-based acceleration solutions amid ongoing AI commercialization.

Former Cruise CEO Kyle Vogt’s Robotics Startup, The Bot Company, Valued at $2 Billion in New Funding

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Kyle Vogt, the former CEO of self-driving car company Cruise, has secured $150 million in a new funding round led by Greenoaks for his robotics startup, The Bot Company. This investment boosts the company’s valuation to $2 billion, a significant jump from its previous valuation of $550 million following an earlier $150 million funding round. Despite the company not yet releasing a product or generating revenue, the funding reflects strong investor confidence in its potential.

The Bot Company, which was co-founded by Vogt, Paril Jain, and Luke Holoubek—former engineers at Tesla and GM-owned Cruise—aims to build AI-powered robots for everyday household tasks. These robots are designed to be non-humanoid and feature a base and grips for performing chores. The company is still in the development phase, working on integrating hardware and artificial intelligence-based software that will enable the robots to adapt and learn new tasks.

The company’s rapid rise in valuation comes amid a boom in robotics, driven by advances in large language models (LLMs). These AI models enable robots to understand natural language commands and perform more complex tasks, fueling significant interest in robots that could assist in homes or on factory floors. The Bot Company’s focus on creating at-home robots positions it within the growing trend of robotics startups, which are attracting substantial funding for innovative, AI-powered solutions.

The boom in robotics is also reflected by other industry players. Companies like Tesla, startups such as Figure, and Cobot, a robotics firm focused on industrial automation, are drawing attention with large funding rounds. Major players like Amazon have also invested heavily in home robotics, with the launch and eventual discontinuation of its Astro robot.

Vogt and his co-founders are part of a wave of talent transitioning from the self-driving car industry to robotics, aiming to create more adaptable and intelligent robots that can perform a range of tasks in daily life. The investment in The Bot Company, alongside the increasing venture capital influx into robotics, indicates growing confidence in AI-driven, action-based robotics solutions.

BuildOps Raises $127 Million, Reaches $1 Billion Valuation Amid Strong Demand for AI Software

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BuildOps, a provider of AI-powered software solutions for commercial contractors, announced on Friday that it has raised $127 million in a Series C funding round, bringing its valuation to $1 billion. This round was led by Meritech Capital Partners, with participation from new investors such as Schneider Electric’s SE Ventures and BOND Capital, as well as existing investors Fika Ventures and Next47.

The company, which has seen tremendous growth, offers a consolidated platform that helps contractors manage accounts, customer relationships, and operations. BuildOps has benefited from the rise of AI technology, which allows contractors to gain insights into their operations, enabling them to proactively manage costs and avoid costly project overruns.

“We’re giving the modern contractor access to data and insights to predict issues like cost overruns before they happen,” said John Laino, Chief Operating Officer. “This proactive approach is a game-changer compared to the traditional method, where contractors would only find out about issues months into a project.”

BuildOps has been growing at a rate of 100% annually and expects this rapid growth to continue in the near term. CEO Alok Chanani emphasized that while the company is not focused on profitability at this stage, its priority is scaling its operations and investing in research and development.

Looking ahead, Chanani mentioned that going public is part of BuildOps’ long-term strategy, but no timeline was specified. Additionally, the company plans to pursue strategic acquisitions, as evidenced by its 2023 purchase of PWSWARE, the parent company of Perfectware Solutions, to expand its capabilities.