Irish startup TensorX has successfully raised €8 million in a seed funding round. This capital infusion will be used to deploy dedicated NVIDIA Blackwell GPUs in European data centres, enabling businesses to run AI workloads within European jurisdiction and address the increasing demand for sovereign AI infrastructure.Summary of transaction details:Value: €8 million (approximately £6.8 million)Sector: DeepTech & AIAdvisor: Not mentionedKey Entities: Target: TensorX; Investors: UndisclosedLocation: Ireland (Headquarters), Europe (Operations)Note: This transaction highlights a growing strategic imperative for European enterprises to ensure AI data processing adheres to local regulations like GDPR and the EU AI Act, mitigating concerns about data storage, access, and governing laws.
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