TensorX Secures €8M and $1B Partnership to Build Europe's Sovereign AI Infrastructure

TensorX and Solstice line up $1bn to finance Europe's sovereign AI buildout

The partnership will fund EU AI hardware and data centres, and launch aiUSX, a yield asset that puts companies' idle AI cash to work as infrastructure lending. Building sovereign AI in Europe takes chips, and chips take capital. TensorX and Solstice said they would supply the second to help buy the first, announcing a partnership to create a financing facility with up to $1bn in capacity for AI hardware and data-centre capacity across the EU. The aim, both companies say, is to meet rising demand for compute that stays on European soil. Solstice will provide the onchain financing for the buildout. Alongside it, the company is launching aiUSX, a yield-bearing asset designed to open that same infrastructure lending to companies that are sitting on capital earmarked for AI. The pitch is that money set aside for future AI spend can earn something useful while it waits, rather than nothing. TensorX, for its part, owns and operates a fleet of NVIDIA GPUs and delivers AI models from EU data centres with zero data retention, what it describes as predictable pricing and best-in-class performance. It works with AI startups and enterprises across the bloc, with plans to expand into other jurisdictions. "Europe wants AI that can run on its own terms, on its own soil, without handing its data to someone else's cloud on the world stage," said Tim Grant, executive chairman of TensorX. "Meeting that accelerating demand takes hardware, and a lot of it. The billion dollars going into GPUs and data-center capacity is the first step, and we expect to keep buying as demand grows. Solstice gives us a financing partner that can keep pace with this incredibly fast moving market." Treasury management for the AI era The logic behind aiUSX starts with a mismatch. Companies hold growing piles of cash and stable assets for their AI spend while their inference bills climb, and the two pools sit apart: the cash earns nothing while it waits. aiUSX is meant to close that gap. Capital a company sets aside for AI goes into the asset, which opens access to the AI-infrastructure lending Solstice finances, the same deals large institutions fund. The framing is deliberate. A company takes the position of an infrastructure lender without becoming one or underwriting anything itself. At launch, aiUSX will be capped at $5m, with yield generated by the lending it gives access to. The capital, Solstice says, stays liquid and redeemable, and what it earns is meant to go toward the cost of inference later. "Every company is turning into an AI company, and every one of them watches its inference bill climb," said Ben Nadareski, chief executive of Solstice. "aiUSX puts the money they set aside for AI to work in the meantime. They get access to the kind of AI-infrastructure lending that used to sit with large institutions, the capital stays liquid, and what it earns goes toward inference later. It is treasury management for the AI era." Both companies sit inside the Deus X Capital ecosystem, a connection the firm presents as the reason it can pull the pieces together. "Sovereign AI is one of the biggest infrastructure buildouts of this decade, and it runs on capital as much as it runs on chips," said Stuart Connolly, chief investment officer of Deus X Capital. "TensorX builds the compute, Solstice brings the financing, and aiUSX lets more companies take part in funding it." Solstice describes itself as an onchain settlement and yield protocol with a three-year audited track record and more than $500m in total value locked. The $1bn figure is a capacity, not a commitment; how much of it gets drawn will depend on how fast the demand the partners are betting on actually arrives.

TensorX raises €8M to build sovereign AI inference for Europe on Nvidia Blackwell

The Irish startup is buying B300 GPUs to expand a GDPR-compliant inference platform aimed at the banks, hospitals, and law firms that cannot send their data abroad. TensorX, a startup building AI inference infrastructure that keeps European data inside Europe, has raised €8m to buy Nvidia Blackwell GPUs, including the latest B300 chips, and expand a platform pitched squarely at regulated industries. The money goes into hardware rather than headcount. TensorX runs private AI inference on dedicated Nvidia infrastructure located in Europe, currently from data centres in Dublin and Helsinki, and lets customers deploy open-weight models without their data leaving the continent. Nothing, the company says, is retained, reused, or fed back into training. The platform supports more than 33 open-weight models and offers an OpenAI-compatible API, so developers can switch over with minimal code changes. The pitch grew out of a recurring complaint. TensorX founder Shane Morton, who came from a portfolio of fintech companies, kept hearing the same thing from businesses that wanted to adopt AI but needed certainty their data would stay under European jurisdiction. For a bank, a hospital, or a law firm, data residency is not a preference but a regulatory obligation, and one that an American-hosted service struggles to satisfy regardless of where its servers physically sit, because of the reach of US law over US-owned providers. That argument has been sharpened by recent events. TensorX points to the "Anthropic Fable 5 situation" as evidence of how fast trust assumptions in AI infrastructure can shift, a reference to the US government's order, earlier in June, that Anthropic suspend access to its most capable model on national-security grounds. For European firms watching a top model pulled by a foreign government overnight, the case made the abstract risk of depending on someone else's stack feel concrete. The demand signals TensorX cites are not its own. It points to Accenture research finding that 62% of European organisations are seeking sovereign AI solutions, a figure that rises among Irish and German firms and is higher still in banking, and to a Gartner forecast that more than three-quarters of European and Middle Eastern enterprises will move workloads into geopolitically lower-risk arrangements by 2030. The company also cites projections that European AI spending will reach about $144.6bn by 2028. The thesis is that the appetite is already here and the supply of compliant compute has not caught up. Whether a sovereign label settles the question is itself contested. TNW has argued that the rented-GPU model can reinforce the illusion of European AI sovereignty when the underlying chips, designs, and supply chains still run through American and Asian vendors. TensorX is a member of the Nvidia Inception programme and sources its hardware through Dell, which is to say its sovereign offering is built on a decidedly non-European silicon stack. That is less a contradiction than the prevailing shape of the market: Nvidia's sprawling equity bets and its hold on high-end accelerators mean almost every European sovereignty play, TensorX included, runs on American silicon at the bottom of the stack. The sovereignty on offer is over data and jurisdiction, not over the hardware itself. On the commercial side, TensorX says it is already generating revenue, with customers across finance, healthcare, and legal services, named clients including APEX, TradeLocker, and Cor Prime, and developer demand routed in through the aggregator OpenRouter. Those figures are company-stated and unaudited. The financing itself comes from Darius Cubed Ventures, which has committed €6.5m toward Nvidia hardware through Dell, with €1.5m delivered and a further €5m on order; the company says it is in advanced talks on additional financing. The expansion plan stretches beyond the two existing sites, with GPU capacity planned across Ireland, the UK, Germany, France, and the Nordics, ahead of the EU AI Act's tightening compliance rules for regulated sectors. Demand, TensorX says, is already outpacing supply.

Dublin's TensorX to partner with Solstice on sovereign European AI

Earlier this week, TensorX raised €8m in a seed funding round, which its founder Shane Morton described as an 'opening move' ahead of a much larger build-out. Irish AI infrastructure company TensorX is to collaborate with finance provider Solstice in a partnership to deliver up to €1bn-worth of sovereign European AI infrastructure. The companies said they "will work together to create a facility ... to finance AI hardware and data-centre build-out to meet rising demand for sovereign compute across the EU". Dublin-based TensorX buys and runs AI hardware and data-centre capacity across the EU, with the aim of connecting its start-up and enterprise clients to private compute and keeping "prompts and data on European infrastructure with full data residency and zero retention". Solstice is described as "an on-chain settlement and yield protocol and part of the Deus X Capital ecosystem". "Europe wants AI that can run on its own terms, on its own soil, without handing its data to someone else's cloud on the world stage," said Tim Grant, the chair of TensorX. "Meeting that accelerating demand takes hardware, and a lot of it. The billion dollars going into GPUs and data-centre capacity is the first step, and we expect to keep buying as demand grows. Solstice gives us a financing partner that can keep pace with this incredibly fast moving market." Relatedly, Solstice will launch a yield asset named 'aiUSX' to help companies finance AI build-outs using capital they already hold. "Every company is turning into an AI company, and every one of them watches its inference bill climb," said Ben Nadareski, CEO of Solstice. "aiUSX puts the money they set aside for AI to work in the meantime. They get access to the kind of AI-infrastructure lending that used to sit with large institutions, the capital stays liquid, and what it earns goes toward inference later." Earlier this week, TensorX raised €8m in a seed funding round with the goal of further contributing to European plans for sovereign AI infrastructure, which its founder Shane Morton described as an "opening move" ahead of a much larger build-out. The EU is concerned about the control US technology companies wield over the bloc's technology infrastructure and data. "European companies don't want to make a political statement about their AI stack. They want to make a practical one," said Grant earlier this week. "Their data has to stay in Europe, on infrastructure they can trust, under laws they are required to comply with." Data from Accenture suggesting that 62pc of European organisations seek sovereign AI, while 75pc of European enterprises plan to move AI workloads to local providers by 2030, according to Gartner. "Sovereign AI is one of the biggest infrastructure build-outs of this decade, and it runs on capital as much as it runs on chips," said Stuart Connolly of Deus X Capital. "TensorX builds the compute, Solstice brings the financing and aiUSX lets more companies take part in funding it." Don't miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic's digest of need-to-know sci-tech news.

Ireland's TensorX bags €8m to build sovereign AI infrastructure

TensorX runs open-source models on Nvidia GPUs with zero data retention. Irish start-up TensorX has raised €8m in a seed round to help further Europe in its plans for sovereign AI infrastructure. Founded by Shane Morton, TensorX is committing the funds to procure Nvidia Blackwell GPUs for its EU AI inference platform, which runs on dedicated hardware in Dublin and Helsinki. Morton raised the funds via his investment vehicle Darius Cubed Venture. He is committing €4m towards the latest Nvidia hardware. "Demand for sovereign AI infrastructure is outpacing supply across Europe," said Morton. "We're seeing it directly from enterprises in Germany, France, the Netherlands and the Nordics." Morton built and sold financial trading software, before acquiring ICT Services, an Irish data centre infrastructure provider. "Our €8m investment is the opening move. There is a far bigger buildout to come, and the infrastructure partnerships we have in Ireland mean we can move at the speed this market demands," he said. The EU is concerned over the control US technology companies wield over the bloc's technology infrastructure and data. Over the years, its attempts to regulate US Big Tech firms have worsened tensions between the EU and the US, even eliciting threats of further tariffs from president Donald Trump. Earlier this month, the bloc lost access to Anthropic's leading AI models Mythos and Fable after a US export control directive. An EU spokesperson said that the move cemented why Europe needs to strengthen its technological sovereignty. EU businesses are reportedly sharing the concerns, with data from Accenture suggesting that 62pc of European organisations seek sovereign AI, while 75pc plan to move AI workloads to local providers by 2030, according to Gartner. Meanwhile, the possibility of the US government compelling US tech companies to share EU data adds to the bloc's growing problems. AI inference is vital to the AI stack, but poses data security concerns. For companies in finance, healthcare and law, sensitive data could be retained or reused by third-party providers against EU regulations. TensorX attempts to address this by running open-source models on dedicated Nvidia GPUs with zero data retention. "Nothing is stored, logged or reused, giving enterprises full control over where their data lives and how it's used," the Dublin-headquartered company said. "European companies don't want to make a political statement about their AI stack. They want to make a practical one," said Tim Grant, TensorX's chair. "Their data has to stay in Europe, on infrastructure they can trust, under laws they are required to comply with. The company is also in advanced talks to tap further financing to expand its European footprint, with capacity planned for Ireland, the UK, Germany, France and the Nordics. It has plans to deploy up to €100m in Blackwell GPUs. TensorX is a part of Nvidia's Inception programme - a free initiative that guides AI start-ups through the chipmaker's platform and ecosystem. It partnered with long-term Nvidia partner Dell to source the GPU hardware. According to TensorX, the company has already generated revenue across large regulated enterprises, partnership channels that route developer demand onto GPU compute, and SMEs building their own AI products on top of the company's platform. The company employs 14 people, Grant told the Business Post. It plans to hire six new workers, with most, if not all, based out of Dublin. Don't miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic's digest of need-to-know sci-tech news.

Solstice and Tensorx to Buy $1 Billion in AI Infrastructure to Support EU Sovereign AI Demand

London, United Arab Emirates, June 25th, 2026, Chainwire Solstice to launch aiUSX, a yield-bearing asset that lets companies help finance the buildout with the capital they already hold for AI. TensorX owns and operates a fleet of NVIDIA GPUs and delivers AI models in EU data centres with zero data retention, predictable pricing with best-in-class performance. The company works with AI startups and enterprises across the EU block with plans to expand into other global jurisdictions. aiUSX: Financing the AI Buildout With Capital Companies Already Hold "Every company is turning into an AI company, and every one of them watches its inference bill climb," said Ben Nadareski, CEO of Solstice. "aiUSX puts the money they set aside for AI to work in the meantime. They get access to the kind of AI-infrastructure lending that used to sit with large institutions, the capital stays liquid, and what it earns goes toward inference later. It is treasury management for the AI era." "Sovereign AI is one of the biggest infrastructure buildouts of this decade, and it runs on capital as much as it runs on chips," said Stuart Connolly, CIO of Deus X Capital. "TensorX builds the compute, Solstice brings the financing, and aiUSX lets more companies take part in funding it. Both companies are in the Deus X Capital ecosystem, which is why we're uniquely positioned to deliver this to the market." About Solstice Solstice is an onchain settlement and yield protocol and part of the Deus X Capital ecosystem. Its dollar-denominated asset, USX, and its treasury products provide institutions and businesses with capital that remains liquid and productive. Solstice has a three-year audited track record and more than $500 million in total value locked. https://solstice.finance/ About TensorX TensorX is a sovereign AI infrastructure company based in Dublin. It buys and operates AI hardware and data-center capacity across the EU, connects clients to private compute, and keeps prompts and data on European infrastructure with full data residency and zero retention. https://tensorx.ai/ Contact Laura Conquista Ventures [email protected] Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.