SambaNova last announced a $350m Series E raise in February.
Intel-backed SambaNova secures $1bn in funding to expand its lucrative AI chipmaking business, as demand for its inference technology continues to grow.
The Series F round, which drives up SambaNova’s valuation to $11bn, was led by General Atlantic, with participation from long-term backer Intel Capital, alongside Cambium Capital, BlackRock and the Qatar Investment Authority.
A&E Investment, Assam Ventures, Battery Ventures, Kabila Capital, QFO Capital, Vista Equity Partners and Volantis also participated in the raise.
The new capital comes at a time of accelerating momentum for SambaNova, which last announced a $350m Series E in February.
