SambaNova, an AI chip maker, raised $1 billion at an $11 billion valuation. This funding round comes just five months after a previous large investment. The company was also rumored to be a potential Intel acquisition target at a much lower valuation. This news highlights strong investor confidence in AI hardware innovation.
Source preview
Server-side extracted preview paragraphs from the original source.
AI chip maker SambaNova has raised at an $11B valuation months after Intel was rumored to be trying to buy it for about $1.6 billion.
AI chip company SambaNova Systems has raised $1 billion at an $11 billion valuation led by General Atlantic, in a first close of its Series F round, with more investors expected to join soon.