SambaNova Systems said Wednesday it has raised $1 billion in a Series F financing round, with General Atlantic leading the investment and setting a post-money valuation of $11 billion.
The company said the Series F included participation from Seligman Ventures, T. Rowe Price Associates and Capital Group. Additional investors named in the announcement were A&E Investment, Assam Ventures, funds and accounts managed by BlackRock, Intel Capital and the Qatar Investment Authority.
SambaNova develops custom silicon, integrated hardware platforms and cloud-delivered services focused on inference - the stage when AI models generate responses to user inputs. The company said it will deploy the newly raised capital to expand manufacturing and service capacity, scale deployments across international markets and continue investing in chips, systems, software and full-stack AI infrastructure for its customers.
Separately, SambaNova disclosed that JPMorgan Chase has selected the company as an inference infrastructure partner and will deploy SambaNova’s SN40 and SN50 systems for AI inference workloads.
The financing follows a series of recent corporate moves. In February, SambaNova raised $350 million earmarked in part to support expansion of its SN50 AI chip, and announced a partnership with Intel to deliver inference solutions for AI-native companies. That February partnership included a $35 million investment from Intel.
Corporate filings in April indicated that Intel had planned to invest an additional $15 million in SambaNova, which would have increased Intel’s ownership stake to 9 percent. SambaNova did not immediately respond to a request for comment on Intel’s current stake size or on whether Intel contributed to the Series F round.
In May, SambaNova received U.S. antitrust clearance after acquisition talks between the company and Intel ended. The company’s fundraising history also includes a $676 million round in April 2021 led by SoftBank Group’s Vision Fund 2 at a valuation above $5 billion.
Context and implications
The latest infusion of capital reinforces SambaNova’s push to commercialize inference-focused AI infrastructure at scale, while bringing several large institutional investors into its capitalization table. The company’s partnership with JPMorgan Chase signals demand from large enterprise customers for turnkey inference systems.
What is not yet clear
Public disclosures did not clarify Intel’s present ownership percentage or whether Intel participated in the Series F. The timing and concrete milestones for SambaNova’s stated capacity expansions and global deployments were not specified in the announcement.