May 14 (Reuters) - TensorWave, a Las Vegas-based

startup, announced on Wednesday that it has secured $100 million

in the latest funding round, as it aims to capitalize on the

rapidly expanding AI infrastructure market.

The company, however, did not disclose the valuation at

which the funding was raised.

The Series A funding round was led by Magnetar and AMD

Ventures along with participation from existing partners,

including Maverick Silicon and Nexus Venture Partners, and new

investor Prosperity7.

With the growing demand for AI computing resources,

companies such as TensorWave are emerging as key players by

offering the tools and infrastructure required to efficiently

train AI models and optimize workloads.

"The funding comes at a time when the AI infrastructure

market is experiencing unprecedented growth, with recent

industry reports projecting the AI infrastructure market to

exceed $400 billion by 2027", the company said.

With the latest fundraise, the startup plans to scale

operations, expand its team and accelerate the deployment of

AMD-powered GPU clusters tailored for AI model training.

"This $100M funding propels TensorWave's mission to

democratize access to cutting-edge AI compute," said TensorWave

CEO Darrick Horton.