SambaNova has completed the first close of a $1 billion Series F round at an $11 billion post-money valuation, led by General Atlantic
The round follows its $350 million-plus Series E from February, when it launched its SN50 chip alongside an Intel collaboration
JPMorganChase has selected SambaNova’s SN40 and SN50 systems to power secure, on-prem AI inference
For years, the AI infrastructure race centred on training ever-larger foundation models. Now investors are paying a premium for the companies that can run those models cheaply and fast in production, and SambaNova’s valuation just doubled on that bet alone.
SambaNova, the San Jose-based AI infrastructure startup founded in 2017 by Rodrigo Liang, Kunle Olukotun and Chris Ré, has completed the first close of a $1 billion Series F financing at an $11 billion post-money valuation.
