SambaNova Draws $1B Series F At $11B Valuation, Led By General Atlantic
AI inference chipmaker SambaNova has closed a first tranche of a B Series F led by General Atlantic at an 1B post-money valuation, with a second close expected soon.
Key Takeaways
SambaNova closed a first tranche of a $1 billion Series F led by General Atlantic on July 8, valuing the AI inference chipmaker at $11 billion post-money.
Investors in the first close include T. Rowe Price, Capital Group, BlackRock, Intel Capital, Qatar Investment Authority, Vista Equity Partners, Seligman Ventures, plus existing backers Battery Ventures and Volantis; a second close is expected very soon.
CEO Rodrigo Liang hinted at a U.S. IPO as early as 2027; the round is SambaNova's second mega-round in five months.
SambaNova's SN40 and new SN50 dataflow chips serve trillion-parameter models with sub-second latency, with JPMorgan Chase as a marquee customer and a launch partnership in Intel and Foxconn's rackscale AI inference systems.
New funds will support capacity expansion, product development, and larger deployments for enterprise, neo-cloud and sovereign-AI customers worldwide.
Kaan Tınmaz
Palo Alto AI-chip and inference-system maker SambaNova Systems has closed a first tranche of a $1 billion Series F round led by General Atlantic that values the company at $11 billion post-money, its second mega-round in five months.
General Atlantic Leads $1B First Close
Announced on July 8, the first close attracted a stack of blue-chip investors including Seligman Ventures, T. Rowe Price, Capital Group, BlackRock, Intel Capital, Qatar Investment Authority and Vista Equity Partners, alongside existing backers Battery Ventures and Volantis. Chief executive Rodrigo Liang said more investors are expected to join before a second close finishes "very soon" and hinted at a U.S. IPO as early as 2027.
Chasing NVIDIA With SN40 And SN50
SambaNova is best known for its wafer-scale SN40 dataflow chip and, more recently, the SN50 announced this spring, which the company says can serve trillion-parameter frontier models with sub-second latency at hyperscaler efficiency levels. It has landed marquee reference customers - JPMorgan Chase deploys SN40 and SN50 for inference, and SambaNova is a launch partner in Intel and Foxconn's rackscale AI inference systems unveiled at Computex.
Fresh Firepower For A Sovereign-AI Push
Liang said the new cash will underwrite capacity expansion, product development and larger deployments for enterprises, neo-clouds and sovereign-AI customers around the world. It is the latest sign that AI-inference silicon remains one of the deepest wells for private capital: SambaNova now sits alongside Syntiant's fresh IPO filing and Keyfactor's $1 billion Summit Partners deal as this week's biggest AI-infrastructure bets.
Reporting based on coverage from TechCrunch, Bloomberg, CNBC and General Atlantic.
How much did SambaNova raise and at what valuation?
SambaNova closed a first tranche of a $1 billion Series F at an $11 billion post-money valuation, led by General Atlantic, with a second close expected soon.
Who invested in SambaNova's Series F?
General Atlantic led the round, joined by Seligman Ventures, T. Rowe Price, Capital Group, BlackRock, Intel Capital, Qatar Investment Authority and Vista Equity Partners, alongside existing backers Battery Ventures and Volantis.
What will SambaNova use the funding for?
CEO Rodrigo Liang said the cash will fund capacity expansion, product development and larger deployments for enterprises, neo-clouds and sovereign-AI customers globally.
Is SambaNova planning an IPO?
CEO Rodrigo Liang hinted at a potential U.S. IPO as early as 2027.
