SambaNova Systems Raises $676M in Series D, Surpasses $5B Valuation and Becomes World’s Best-Funded AI Startup
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Palo Alto, Calif., April 13, 2021 – SambaNova Systems, the company building the industry’s most advanced software, hardware and services to run AI applications, today announced a $676 million Series D funding round led by SoftBank Vision Fund 2*. The round includes additional new investors Temasek and GIC, plus existing backers including funds and accounts managed by BlackRock, Intel Capital, GV (formerly Google Ventures), Walden International and WRVI.
This Series D brings SambaNova’s total funding to more than $1 billion and rockets its valuation to more than $5 billion.
Now the best-funded AI systems and services platform startup in the world, SambaNova will use its latest injection to aggressively challenge legacy competitors as it continues to shatter the computational limits of AI hardware and software currently on the market — all while making AI solutions for private and public sectors more accessible.
“We’re here to revolutionize the AI market, and this round greatly accelerates that mission,” said Rodrigo Liang, SambaNova co-founder and CEO. “Traditional CPU and GPU architectures have reached their computational limits. To truly unleash AI’s potential to solve humanity’s greatest technology challenges, a new approach is needed. We’ve figured out that approach, and it’s exciting to see a wealth of prudent investors validate that.”
SambaNova’s flagship offering is Dataflow-as-a-Service, a subscription-based, extensible AI services platform designed to jump-start enterprise-level AI initiatives, augmenting organizations’ AI capabilities and accelerating the work of existing data centers, allowing the organization to focus on its business objectives instead of infrastructure.
