Anti-Nvidia data center startup is valued at $1.55 billion in new funding round

livemint.com Jun 11, 2026

Anti-Nvidia data center startup is valued at $1.55 billion in new funding round

Curated by Shubham · TechCapsules · Jun 11, 2026

AI-summarised brief · reviewed before publication

TensorWave, a cloud-computing startup, has closed its Series B funding round, raising $350 million at a post-money valuation of $1.55 billion. The round was led by AMD and Magnetar Capital, and nearly quadruples the company's value. TensorWave exclusively uses AMD hardware and software, avoiding Nvidia's products due to concerns over market control. The startup has three operational data centers and plans to expand its operations, aiming to increase its computing capacity to 2 gigawatts in the coming year. TensorWave's funding round highlights the growing demand for alternative AI computing solutions.

💡 Why It Matters

· Fresh capital will help TensorWave scale up its operations, potentially disrupting Nvidia's dominance in the AI infrastructure market.
· TensorWave's expansion plans threaten to erode Nvidia's market share.

Read full article on livemint.com

Canadian pension giant joins race to fund India’s AI-fueled data center boom

The Canada Pension Plan Investment Board (CPP Investments) has committed up to ₹70 billion ($741 million) to Indian data center operator CtrlS, investing in the country's growing AI-fueled data center boom. The partnership will see CPP Investments acquire an 8.2% stake in CtrlS and develop hyperscale data center campuses across India. CtrlS operates over 15 data centers in India and has been expanding its footprint to meet rising demand from cloud providers, enterprises, and AI workloads.

💡 The investment highlights India's growing importance as a global hub for digital infrastructure, with the country's data center sector attracting significant investments from major players. The rapid buildout of data centers in India is expected to increase pressure on electricity and water resources, underscoring the challenges that come with the country's ambitions to become a major AI infrastructure hub.

breitbart.com · Jun 17

Exclusive—Aaron J. Masaitis: Bulgaria’s Moment at the Center of Europe’s $114B AI…

Bulgaria is emerging as a key player in the global artificial intelligence (AI) and data center infrastructure market, driven by a series of ambitious projects and investments. The country has been selected to host one of six new EU AI Factories, a program designed to give Europe sovereign computing muscle. Bulgaria's case for AI leadership is built on a strong ICT sector, a low corporate tax rate, and a growing pool of technology professionals. The country's AI hub, BRAIN++, will be built at Sofia Tech Park and will feature the Discoverer++ supercomputer, comparable in power to global computation powerhouses.

💡 Bulgaria's AI ambitions could redefine the country's role in the EU and position it as a leader in the field, potentially challenging the dominance of other major players.

openpr.com · Jun 17

Data Center Chip Market Outlook Highlights Strategic Opportunities Across The Industry

The data center chip market is expected to experience remarkable growth, driven by emerging technologies and evolving data processing needs. The market is projected to reach a valuation of $37.44 billion by 2030, representing a compound annual growth rate of 13.7%. Key trends include the rise of chiplet-based processor architectures and integration of heterogeneous computing. Prominent industry leaders, such as Google and Intel, are influential players in the market. Strategic acquisitions, like Qualcomm's acquisition of Alphawave IP Group, aim to strengthen companies' positions in the sector. The market's expansion is fueled by growing workloads in AI and ML, and demand for energy-efficient chips.

💡 Qualcomm's acquisition of Alphawave IP Group enhances its competitiveness in the data center chip sector, allowing it to offer more integrated computing platforms. The growth of this market underscores the increasing importance of advanced computing solutions in industries.

techcrunch.com · Jun 16

DOJ claims xAI’s unpermitted gas turbines are a matter of ‘national, economic,…

The Department of Justice has sided with xAI in a lawsuit against the NAACP, which sought to stop the company's use of unpermitted natural gas turbines at its Memphis data centers. The DOJ claims that shutting down the turbines would undermine American national, economic, and energy security by disrupting AI innovation supporting military operations. The company has installed 57 turbines, which the NAACP argues violate federal law, leading to increased air pollution in the region.

💡 The DOJ's stance highlights a critical trade-off between national security interests and environmental concerns, as the company's AI operations are deemed essential to military operations but also contribute to severe air pollution.

financialcontent.com · Jun 16

Hailiang Unveils Advanced Liquid Cooling Innovations at Shanghai Data Center Expo

Hailiang presented its latest liquid cooling precision components at the 12th Shanghai International Data Center Industry Exhibition. The company's exhibit attracted attention, reflecting the growing need for efficient thermal management in data centers. Hailiang's integrated manufacturing capabilities are essential for sustainable data center infrastructure. The display included products addressing thermal challenges, such as Conductive Copper Busbars, Heat Dissipation Copper Busbars, and Heat Pipe Blanks. These innovations support phase-change cooling systems and provide strong capillary action and thermal conductivity. Hailiang's products aim to reduce power transmission losses and improve safety and stability.

💡 Hailiang's advanced materials and components can significantly enhance the efficiency and reliability of data center operations. By reducing thermal management challenges, these innovations can help minimize downtime and increase overall performance.

semiconductor-digest.com · Jun 16

Why Rack Density, Not Grid Power, Will Define the Next Generation of…

The shift in focus from grid power to rack density is transforming the AI data center landscape. As AI workloads demand high-intensity power, data centers are struggling to convert available power into sustained compute. The limiting factor is no longer the grid's theoretical capacity but rather the power each rack can use. Legacy data centers, designed for traditional IT, are unable to support the rack-level power density AI requires, resulting in "stranded power" – tens of megawatts of unused potential. The industry is turning to liquid cooling to overcome these limitations and unlock the full potential of AI data centers.

💡 The industry's focus on rack density, rather than grid power, reveals a critical flaw in the current data center design. By prioritizing liquid cooling, data centers can unlock stranded power, reduce energy consumption, and increase scalability – ultimately making AI data centers more efficient and effective revenue generators.