SambaNova Systems lands $1B Series F at $11B valuation

SambaNova Systems, a U.S.-based AI chip and infrastructure company, has completed the first close of a $1 billion Series F funding round, giving the company a post-money valuation of $11 billion. The late-stage round is led by General Atlantic, with significant participation from Seligman Ventures, T. Rowe Price Associates and Capital Group, alongside a broad syndicate of new and existing institutional investors including BlackRock, Intel Capital, Qatar Investment Authority, Vista Equity Partners, Battery Ventures, Cambium Capital, A&E Investment, Assam Ventures, Kabila Capital, QFO Capital and Volantis. The financing is structured in voting and non-voting Series F shares totaling $1 billion at the $11 billion valuation.

The new capital comes just months after SambaNova’s more than $350 million Series E round and coincides with growing enterprise demand for high-performance AI inference hardware and on-premise AI infrastructure. SambaNova, founded in 2017, builds AI accelerators and systems such as its SN40L and SN50 platforms, which are being adopted by customers including JPMorganChase for secure, on-premises AI inference workloads. The Series F round strengthens SambaNova’s position as a key challenger in AI inference and data center infrastructure, providing resources to scale production, expand customer deployments and further develop its hardware-software stack amid intensifying competition in the AI chip market.

The raise highlights sustained investor confidence in AI infrastructure plays at late-stage valuations, with multiple global asset managers and sovereign wealth participants deepening their exposure to the sector. For SambaNova, the $11 billion valuation and expanded investor roster mark a significant milestone in its evolution from a specialized AI hardware startup to a broader enterprise AI platform provider. The company is expected to use the proceeds to accelerate go-to-market initiatives, support larger-scale deployments with financial institutions and industrial clients, and invest in next-generation inference products to capture a larger share of the rapidly growing AI compute market.