Key facts
- AI chip startup TensorWave closed a $350 million Series B funding round.
- The funding round was co-led by AMD and hedge fund Magnetar Capital.
- TensorWave's post-money valuation reached $1.55 billion.
AI chip startup TensorWave has successfully closed its Series B funding round, securing $350 million and achieving a post-money valuation of $1.55 billion. The investment round was co-led by chip manufacturer AMD and the hedge fund Magnetar Capital. TensorWave focuses on developing AI hardware solutions.