AI chip startup SambaNova valued at $11 billion in $1 billion funding round

Reuters

Wed, July 8, 2026 astatine 5:22 AM CDT 1 min read

July 8 (Reuters) - AI spot startup SambaNova said connected Wednesday it has raised $1 cardinal successful a late-stage backing circular led ‌by General Atlantic astatine an $11 cardinal post-money valuation.

The institution makes customized ‌chips, hardware systems and unreality services tailored for inference - the process by which models respond ​to idiosyncratic queries.

Here are immoderate details:

• The Series F circular included important concern from Seligman Ventures, T. Rowe Price Associates and Capital Group.

• New and existing investors see A&E Investment, Assam Ventures, funds and accounts managed ‌by BlackRock, Intel Capital and ⁠the Qatar Investment Authority.

• SambaNova said it volition usage the proceeds to grow capacity, standard deployments worldwide and ⁠continue investing crossed chips, systems, bundle and full-stack AI infrastructure for customers.

• The institution besides said JPMorgan Chase has selected it arsenic an inference infrastructure ​partner, ​deploying its SN40 and SN50 systems ​for AI inference.

• In February, ‌SambaNova raised $350 cardinal to money the enlargement of its SN50 AI chip, and struck a concern with Intel to present inexpensive inference solutions for AI-native companies.

• The concern progressive a $35 cardinal Intel concern successful SambaNova, which received U.S. antitrust clearance successful May aft acquisition talks betwixt the ‌companies stalled.

• In April, a Reuters reappraisal ​of firm records showed Intel had planned ​to put different $15 cardinal successful ​SambaNova, which would summation Intel's ownership of SambaNova to ‌9%.

• SambaNova did not instantly ​respond to a petition ​for remark connected the existent size of Intel's involvement and its publication to the Series F round.

• In April 2021, the ​company raised $676 cardinal successful ‌a backing circular led by SoftBank Group's Vision Fund 2, ​valuing the institution astatine much than $5 billion.

(Reporting by Anhata Rooprai ​in Bengaluru; Editing by Vijay Kishore)