AI chip maker SambaNova raises $1B at $11B valuation, 5 months after last mega round
SambaNova, an AI chip startup, has secured $1 billion in new funding at an $11 billion valuation, continuing rapid growth five months after its previous $350 million Series E round. The company develops specialised chips designed to run large language models efficiently, and the latest funding round comes as the firm prepares to ship its next-generation SN50 processor in the second half of this year.
The investment reflects growing demand from enterprises and financial institutions seeking to build their own private AI infrastructure rather than relying solely on cloud services. A significant win for SambaNova came through JPMorgan Chase's selection of its systems for on-premises AI inference, signalling that major corporations across banking and other sectors are establishing secure, independent AI environments—a trend the company expects to expand considerably across industries.
- AI chip maker SambaNova raised $1B at $11B valuation in Series F funding round led by General Atlantic
- JPMorgan Chase selected SambaNova as inference-infrastructure partner, signalling enterprise demand for private AI infrastructure
- CEO indicates company pursuing IPO path whilst remaining open to strategic exits or partnerships