First reported by TechCrunch
AI chip maker SambaNova raises $1B at $11B valuation, 5 months after last mega round
SambaNova raises $1B Series F at $11B valuation as Nvidia challenger gains JPMorgan as customer
SambaNova, an AI chip startup competing with Nvidia, raised $1 billion in a Series F funding round led by General Atlantic, bringing its valuation to $11 billion. JPMorgan Chase also signed on as a customer to deploy SambaNova's chips for on-premises AI inference workloads. The funding round signals continued investor appetite for alternatives to Nvidia in the AI hardware space.
Key quotes
SambaNova raised $1 billion at an $11 billion valuation as investors back Nvidia challengers
General Atlantic led the round, and JPMorgan Chase signed on as a customer to deploy SambaNova's chips for on-premises AI inference
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