SambaNova AI Funding Secures $1 Billion Series F - The Cryptonomist
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SambaNova Systems has locked in $1 billion in fresh capital at an $11 billion valuation , marking the first close of its Series F funding round - a striking acceleration for a Palo Alto-based AI chip startup that only completed a $350 million Series E just five months ago. The SambaNova AI funding round was led by General Atlantic, with a broad coalition of institutional investors joining in, and CEO Rodrigo Liang says more are still coming. Summary The speed of this latest raise is hard to ignore. Five months between a $350 million Series E and a $1 billion Series F - at a valuation that has climbed dramatically - reflects just how fast institutional appetite for AI inference infrastructure is intensifying. General Atlantic took the lead position, joined by a roster of heavy-hitting investors including BlackRock, Qatar Investment Authority, Vista Equity Partners, T. Rowe Price Associates, Capital Group, Battery Ventures, and several others ranging from Seligman Ventures to Volantis. Liang told TechCrunch the round isn't fully closed yet. "In the next few weeks, a few more investors will be coming in, and the second close is likely to finish up," he said. That means the final figure could climb further. The company was founded in 2017 and is now nine years old. Intel has backed it since its Series C and participated in this latest round as well - a detail that takes on...
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