SambaNova Systems, the Palo Alto-based AI chip maker, is looking to raise up to $1 billion at a post-money valuation of $10 billion. That figure is roughly five times what the company was valued at just four months ago.
From $2B to $10B in four months
SambaNova closed its Series E round in February 2026, raising approximately $350 million. That round, led by Vista Equity Partners and Cambium Capital with Intel participating, implied a valuation somewhere between $2.2 billion and $4.8 billion.
Now, a few months later, the company is targeting a valuation that would blow past even the upper end of that range by more than double. It would also nearly double its previous all-time high valuation of $5.1 billion, which came after a $676 million Series D round in 2021 led by SoftBank Vision Fund 2.
The centerpiece of that story is the SN50 chip, which SambaNova has positioned squarely in the agentic AI inference market, competing not on training massive AI models from scratch but on the hardware needed to actually run those models once they’re built.
