TensorX announced its launch with an €8 million seed funding round led by Darius Cubed Ventures to build sovereign AI infrastructure for European enterprises.
The Dublin-based company is developing a privacy-first AI inference platform designed for Europe’s AI builders and regulated industries. TensorX said it has committed the funding to NVIDIA Blackwell GPUs, including the latest B300 chips, and plans to deploy up to €100 million in NVIDIA Blackwell GPUs over time.
TensorX was founded by Shane Morton and is part of the NVIDIA Inception program. The company is also partnering with Dell on sourcing GPU hardware.
TensorX offers high-performance AI inference with zero data retention, running entirely on dedicated hardware in Dublin and Helsinki. The platform is designed for enterprises that want to adopt AI while keeping sensitive data within European jurisdiction and under compliance frameworks such as GDPR and the EU AI Act.
The company is already generating revenue from paying customers across three main groups: large regulated enterprises in finance, healthcare, and law that require long-term sovereign infrastructure contracts; partnership channels such as OpenRouter that route developer demand onto sovereign GPU compute; and small-to-medium enterprises building AI products on top of TensorX, including APEX:E3, TradeLocker, and Cor Prime.
TensorX said it has seen recent organic inbound demand from Germany, France, Denmark, and the Netherlands. The company is also in advanced talks around a financing facility to further expand its European footprint, with GPU capacity planned for Ireland, the U.K., Germany, France, and the Nordics.
AI inference powers real-time AI use cases such as chatbots, coding assistants, and AI agents. TensorX said European enterprises face growing risk when sensitive data leaves their control, especially in industries such as finance, healthcare, and law. The company addresses this by running open-source models on dedicated NVIDIA GPUs with zero data retention, meaning data is not stored, logged, or reused.
TensorX said demand for sovereign AI infrastructure is accelerating across Europe. According to the company, 62% of European organizations are now seeking sovereign AI solutions, based on Accenture data, while Gartner forecasts that 75% of European enterprises will move AI workloads to local providers by 2030. The company also cited IDC data projecting European AI spending to reach $144.6 billion by 2028.
TensorX was created after Morton identified demand among fintech companies that wanted to adopt AI but needed confidence that their data would remain within European jurisdiction. Morton has committed €4 million to NVIDIA hardware, with €2 million already delivered and another €2 million on order, leveraging ICT Services’ procurement networks to secure access to chips in short supply globally.
The company supports more than 33 open-source models and is backed by Darius Cubed Ventures.
KEY QUOTES:
“European companies don’t want to make a political statement about their AI stack. They want to make a practical one. Their data has to stay in Europe, on infrastructure they can trust, under laws they are required to comply with. This is what TensorX was built from, from the chips up. We’re excited to grow this team to power our ambitions to scale rapidly.”
Tim Grant, Executive Chairman of TensorX
“TensorX turbo-charged the output of our development team and enabled us to deploy our own AI coding assistant. TensorX is simply the only platform we trust with our most sensitive data which we manage on behalf of regulated institutional financial services companies.”
Usman Khan, Founder of APEX:E3
“Demand for sovereign AI infrastructure is outpacing supply across Europe. We’re seeing it directly from enterprises in Germany, France, the Netherlands and the Nordics. 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.”
Shane Morton, Founder of Darius Cubed Ventures
