AI chip maker SambaNova raises $1B at $11B valuation, 5 months after last mega round
AI chip company SambaNova Systems has raised $1 billion at an $11 billion valuation led by General Atlantic, in a first close of its Series F round, with more investors expected to join soon.
“In the next few weeks, a few more investors will be coming in, and the second close is likely to finish up,” Rodrigo Liang, CEO and co-founder of SambaNova, told TechCrunch.
The latest round comes roughly five months after the Palo Alto, California-based startup company unveiled its SN50 chip, alongside a $350 million Series E in February. SambaNova had also been in acquisition talks with Intel, a deal valuing it at roughly $1.6 billion, according to a December report from Bloomberg News.
Asked whether closing its Series E and F rounds meant SambaNova, founded in 2017, had settled on staying independent, Liang was noncommittal. He said the company keeps fielding interest. “We’re always...
Copyright of this story solely belongs to techcrunch.com. To see the full text click HERE
