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SambaNova Systems raised $676M in a Series D funding round at a valuation of over $5 billion.

Mar 28, 2024•over 1 year ago

Amount Raised

$676 Million

Round Type

series d

Palo AltoNatural Language ProcessingMachine LearningArtificial Intelligence

Description

SambaNova Systems, an AI chip-maker, raised $676 million in a Series D funding round, valuing the company at over $5 billion. The funding positions SambaNova as a competitive player within the AI chip industry.

Company Information

Company

SambaNova Systems, Inc.

Location

2100 GENG ROAD

Palo Alto, California, United States

About

SambaNova Systems is an AI chip-maker that has evolved to offer a comprehensive enterprise AI training, development, and deployment platform. Founded in 2017 in Palo Alto, California, the company has positioned itself as a formidable contender in the AI industry.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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