TensorX raises $10M to build GDPR-hardened AI inference in Europe
What's the deal? Dublin-based TensorXDealroom has a profile for this one. Try Dealroom → has raised $10 million in seed funding from Darius Cubed VenturesDealroom has a profile for this one. Try Dealroom → to build a GDPR-compliant AI inference platform that keeps customer data in Europe and wipes every query from memory once processed. The October disclosure clarified an earlier €8 million round announced in June, bringing cumulative seed funding to the current total. Most of the capital is earmarked for GPU procurement through Dell.
The investor: Darius Cubed Ventures is a family office controlled by TensorX founder Shane Morton, who previously built and sold trading software and runs ICT ServicesDealroom has a profile for this one. Try Dealroom →, an Irish data-centre operator. The round ranks among the largest seed deals ever recorded for Irish enterprise software, placing it in the 99th percentile of comparable rounds.
What's the endgame? Founded in 2025, TensorX runs more than 50 open-source language models — including DeepSeek, QwenDealroom has a profile for this one. Try Dealroom →, and Moonshot KimiDealroom has a profile for this one. Try Dealroom → — on NVIDIA B300 GPUs housed exclusively in Ireland and Finland. It offers no data retention, no US cloud hops, and an OpenAI-compatible API that lets developers switch providers "in a single line of code."
By the numbers: TensorX says it reached $5 million in revenue and more than 5,000 paying customers in its first year. It processed 1.1 trillion tokens in September — a 171-fold jump since February — and now handles up to 34.5 million API requests each month.
Who's running it? Tim Grant became chief executive officer on October 8, 2026, after joining as executive chairman at launch; his past roles include managing director at UBS, research chief at R3, and chief executive officer of SIX Digital Exchange. He also chairs APEX:E3 and TradeLockerDealroom has a profile for this one. Try Dealroom →, two firms TensorX counts as customers. Co-founder Craig Donnelly serves as chief technology officer, with a team of around 20.
Where it's growing: TensorX operates 96 B300 GPUs in production in Ireland, with another 96 on standby in Finland, and says it is finalising orders for a substantial fleet expansion. Dell supplies the hardware, while NVIDIA's Inception program provides startup support. The company routes developer demand through OpenRouter, an aggregator that may have accelerated early customer acquisition.
The signal: TensorX enters a crowded sovereign-AI market. Scaleway, backed by Iliad, bills itself as "the first European inference product"; OVHcloud runs more than 40 models; and Nebius teamed up with Palantir in September on what the companies called "a complete sovereign AI stack." As the EU AI Act takes effect in stages, demand for European-hosted inference is becoming a boardroom concern for regulated industries.
Read more: founderland.ai
Image credit: Generated with Gemini
