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