ai
SambaNova raises $1 billion at $11 billion valuation
SambaNova Systems completed the first close of a Series F round led by General Atlantic. The Palo Alto company also announced a new partnership with JPMorgan Chase.
Jul 8, 3:18 AM·1m read1 source
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SambaNova Systems raised $1 billion at an $11 billion valuation in the first close of its Series F round, led by General Atlantic. The round follows a $350 million Series E completed in February. Additional investors are expected to join before the second close finishes in the coming weeks.
Background and partnerships SambaNova, founded in 2017, had been in acquisition talks with Intel earlier this year. Intel participated in the latest round and has expanded its partnership with the company to co-develop AI inference products. SambaNova also announced that JPMorgan Chase selected its SN40L and SN50 systems to run secure, on-premises AI inference workloads.
Product timeline and customers The company launched the SN40L system in 2023 and unveiled the SN50 chip in February. The SN50 is scheduled to begin shipping in the second half of 2026, with SoftBank as the first deployment partner. Other named customers include Saudi Aramco and additional Japanese firms.
SambaNova said it will use the new capital to secure its supply chain and meet expected demand over the next 12 months. Other investors in the round include Seligman Ventures, T. Rowe Price Associates, Capital Group, BlackRock, and Qatar Investment Authority.
