- SambaNova has been valued at $11 billion following a $1 billion funding round.
- Notable investors in the round include Seligman Ventures, T. Rowe Price Associates, Capital Group, BlackRock, and the Qatar Investment Authority.
- In February, SambaNova raised $350 million for its SN50 AI chip and partnered with Intel, which invested $35 million after antitrust clearance.
- Intel had planned an additional $15 million investment to raise its ownership stake in SambaNova to 9%.
- In April, Intel planned to invest in SambaNova, which would increase its ownership to 9%; SambaNova did not comment on Intel's current stake in the Series F round.
SambaNova, an AI chip startup, has raised $1 billion in a Series F funding round, elevating its valuation to $11 billion. The round was led by General Atlantic and included investments from Seligman Ventures, T. Rowe Price Associates, and Capital Group, among others.12
The company specializes in custom chips and cloud services designed for AI inference, which is crucial for responding to user queries. SambaNova plans to utilize the funds to expand its capacity, scale deployments globally, and enhance its full-stack AI infrastructure.
“We are excited to partner with leading investors to accelerate our growth and innovation,” said SambaNova in a statement. The company has also secured a partnership with JPMorgan Chase, deploying its SN40 and SN50 systems for AI inference.3
Earlier this year, SambaNova raised $350 million to support the expansion of its SN50 AI chip and formed a partnership with Intel, which included a $35 million investment. This partnership aims to provide affordable inference solutions for AI-native companies. Intel's stake in SambaNova is projected to increase to 9% following additional investments.
SambaNova's previous funding round in April 2021, led by SoftBank Group's Vision Fund 2, valued the company at over $5 billion, showcasing its rapid growth in the AI sector.
“Notable investors in the round include Seligman Ventures, T. Rowe Price Associates, Capital Group, BlackRock, and the Qatar Investment Authority. Earlier in February, SambaNova raised $350 million for its SN50 chip and partnered with Intel, which invested $35 million and planned an additional $15 million for a 9% stake.”
