SambaNova Raises $1B at $11B Valuation in Series F Round
AI chip maker SambaNova Systems has raised $1 billion at an $11 billion valuation, led by General Atlantic, in a first close of its Series F round. The funding comes five months after the company unveiled its SN50 chip and a $350 million Series E. SambaNova's ties to Intel have deepened, with the two companies co-developing AI products and taking them to market together.
Key points
- SambaNova Systems, an AI chip maker, has raised $1 billion at an $11 billion valuation in a first close of its Series F round, led by General Atlantic.
- The funding comes five months after the company unveiled its SN50 chip and a $350 million Series E in February.
- SambaNova has deepened its ties to Intel, with the two companies co-developing AI products and taking them to market together.
- The company's CEO, Rodrigo Liang, remains noncommittal about staying independent, saying the door is open to an exit in the dynamic AI market.
- SambaNova is expected to complete its Series F round with a second close in the coming weeks.
SambaNova Systems, a leading AI chip maker, has secured $1 billion in funding at an $11 billion valuation in a first close of its Series F round. The investment, led by General Atlantic, comes just five months after the company unveiled its SN50 chip and a $350 million Series E in February.
The partnership between SambaNova and Intel has been a significant factor in the company's growth. The two companies have been co-developing AI products and taking them to market together, with Intel participating in the latest round of funding.
While SambaNova's CEO, Rodrigo Liang, remains noncommittal about staying independent, the company's momentum and growth are likely to drive it towards a public listing at some point. The dynamic AI market and the company's ties to Intel have created a sense of uncertainty around SambaNova's future.
The funding round is expected to be completed with a second close in the coming weeks, with additional investors joining General Atlantic. The deal is a significant milestone for SambaNova, solidifying its position as a major player in the AI chip market.
Sources
The WireByte editorial team synthesises technology news from multiple primary sources, verifies the facts, and links every source. Articles are produced with AI assistance and reviewed under our editorial policy.