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6h ago

SambaNova Raises $1 Billion at $11 Billion Valuation

The company will use the capital to shore up its supply chain to scale manufacturing ahead of SN50 shipments in H2 2026.

Silicon Valley AI computing startup SambaNova’s DataScale system is shown at the U.S. Department of Energy’s Argonne National Laboratory, in Lemont, Illinois, U.S., November 10, 2022. Argonne National Laboratory/Handout via REUTERS
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Overview

  • SambaNova disclosed a $1 billion first close of a Series F at an $11 billion valuation on Wednesday, led by General Atlantic with participation from investors including BlackRock, T. Rowe Price, Capital Group, Vista Equity Partners and the Qatar Investment Authority.
  • CEO Rodrigo Liang said the funds will be spent to secure materials and scale production so the company can fulfill orders and meet a surge in demand over the next 12 months.
  • The company said JPMorgan Chase has selected its SN40L and SN50 systems for secure on‑premises inference and SoftBank will be the first partner to deploy the SN50, which is scheduled to ship in the second half of 2026.
  • SambaNova sells an integrated hardware and software stack built around Reconfigurable Dataflow Units, or RDUs, which are chips designed to run AI inference with a focus on energy efficiency and high throughput rather than the general‑purpose GPU model.
  • The new capital boosts SambaNova’s runway but key risks remain because mass manufacturing, component sourcing, and persuading customers to move away from entrenched GPU ecosystems will determine whether the company can scale production and convert enterprise commitments into deliveries.