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08 Jul 2026
AI chip startup SambaNova valued at $11 billion in $1 billion funding round
AI chip startup SambaNova said on Wednesday it has raised $1 billion in a late-stage funding round led by General Atlantic at an $11 billion post-money valuation.
The company makes custom chips, hardware systems and cloud services tailored for inference - the process by which models respond to user queries.
Here are some details:
- The Series F round included significant investment from Seligman Ventures, T. Rowe Price Associates and Capital Group.
- New and existing investors include A&E Investment, Assam Ventures, funds and accounts managed by BlackRock, Intel Capital, and the Qatar Investment Authority.
- SambaNova said it will use the proceeds to expand capacity, scale deployments worldwide and continue investing across chips, systems, software and full-stack AI infrastructure for customers.
- The company also said JPMorgan Chase has selected it as an inference infrastructure partner, deploying its SN40 and SN50 systems for AI inference.
- In February, SambaNova raised $350 million to fund the expansion of its SN50 AI chip, and struck a partnership with Intel to deliver cheap inference solutions for AI-native companies.
- The partnership involved a $35 million Intel investment in SambaNova, which received U.S. antitrust clearance in May after acquisition talks between the companies stalled.
- In April, a Reuters review of corporate records showed Intel had planned to invest another $15 million in SambaNova, which would increase Intel's ownership of SambaNova to 9%.
- In April 2021, the company raised $676 million in a funding round led by SoftBank Group's Vision Fund 2, valuing the company at more than $5 billion.