Saudi JournalSaudi Journal
  • Home
  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Business

Stride Ventures scales up in the GCC with strong focus on Saudi Arabia

…

Business

Tunisia’s Kumulus Water closes $3.5 million seed round

…

Europe’s iGaming Hub to Host 6,000 Strong at SBC Summit Malta

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

Facebook Twitter Instagram Pinterest
Latest posts:
  • Stride Ventures scales up in the GCC with strong focus on Saudi Arabia
  • Tunisia’s Kumulus Water closes $3.5 million seed round
  • Europe’s iGaming Hub to Host 6,000 Strong at SBC Summit Malta
  • Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides
  • SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting
  • Stitch raises $10 million seed to extend services to emerging markets
  • Qatar’s PayLater receives strategic investment from LuLu AI
  • Seven Tides appoints Minor Hotels to manage DUKES The Palm
Facebook Twitter Instagram Pinterest
Saudi JournalSaudi Journal
  • Home

    Stride Ventures scales up in the GCC with strong focus on Saudi Arabia

    Tunisia’s Kumulus Water closes $3.5 million seed round

    Europe’s iGaming Hub to Host 6,000 Strong at SBC Summit Malta

    Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

    SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Saudi JournalSaudi Journal
Home » Aramco-backed Prosperity7 joins TensorWave’s $100 million round
Business

Aramco-backed Prosperity7 joins TensorWave’s $100 million round

Facebook Twitter Pinterest LinkedIn WhatsApp
Share
Facebook Twitter LinkedIn Pinterest WhatsApp

Las Vegas-based AI infrastructure company TensorWave has secured $100 million in new funding to accelerate the development of data centres built primarily with AMD hardware. The round was led by Magnetar Capital and AMD Ventures, with additional participation from Maverick Silicon, Nexus Venture Partners, and Prosperity7. This latest investment brings TensorWave’s total capital raised to $146.7 million, according to Crunchbase.

Founded in 2023 by Darrick Horton, Jeff Tatarchuk, and Piotr Tomasik, TensorWave aims to provide more affordable and scalable cloud services by leveraging AMD’s GPU capabilities. The company has already deployed a dedicated training cluster consisting of 8,192 AMD Instinct MI325X GPUs, reinforcing its early bet on AMD in a market largely dominated by Nvidia.

With this new funding, TensorWave plans to expand its GPU cluster, grow its team from 40 to over 100 employees by year-end, and support operational growth as it scales to meet increasing AI infrastructure demand. CEO Horton emphasised the company’s mission to democratise access to cutting-edge AI compute and projected that TensorWave will close the year with a run-rate revenue of over $100 million—a 20x increase year-over-year.

Share. Facebook Twitter Pinterest LinkedIn WhatsApp

Related Posts

Business

Stride Ventures scales up in the GCC with strong focus on Saudi Arabia

Business

Tunisia’s Kumulus Water closes $3.5 million seed round

Business

Europe’s iGaming Hub to Host 6,000 Strong at SBC Summit Malta

Business

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

Business

SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

Business

Stitch raises $10 million seed to extend services to emerging markets

Business

Qatar’s PayLater receives strategic investment from LuLu AI

Life

Seven Tides appoints Minor Hotels to manage DUKES The Palm

Leave A Reply Cancel Reply

Stay In Touch
  • Facebook
  • Twitter
Business

Stride Ventures scales up in the GCC with strong focus on Saudi Arabia

Stride Ventures, a global venture debt firm, has announced the expansion of its operations in…

Tunisia’s Kumulus Water closes $3.5 million seed round

Europe’s iGaming Hub to Host 6,000 Strong at SBC Summit Malta

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

Stride Ventures scales up in the GCC with strong focus on Saudi Arabia

Tunisia’s Kumulus Water closes $3.5 million seed round

Europe’s iGaming Hub to Host 6,000 Strong at SBC Summit Malta

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

Stay informed with Saudi Journal, your trusted source for comprehensive coverage of news, events, and insights from Saudi Arabia and beyond. Explore diverse perspectives, stay updated, and engage with the latest stories shaping our world. Experience news like never before with Saudi Journal.

Facebook Twitter
Categories
  • Business (294)
  • Life (108)
  • Saudi Arabia (67)
  • Technology (64)
  • Uncategorized (1)
  • World (51)
    • Africa (9)
    • Asia (24)
    • Europe (4)
    • US (3)
Our Picks
Business

Deloitte Set To Establish ServiceNow Innovation Center In Riyadh

Life

Dxberience Introduces Premium Luxury Concierge Services Across the UAE

Business

Rising cyber threats target UAE’s financial sector and critical infrastructure in 2025

© 2025 Saudi Journal.
  • Home
  • Saudi Arabia
  • Business
  • Technology
  • Life
  • English
  • العربية

Type above and press Enter to search. Press Esc to cancel.