SambaNova Raises $1 Billion Series F Led By General Atlantic At $11 Billion Valuation

SambaNova, an inference chip startup, announced it raised $1 billion in funding at a $11 billion valuation, with General Atlantic leading the Series F round.

“An AI chip startup has raised $1 billion in financing as investors continue to pour money into companies looking to challenge Nvidia”

CNBC

SiliconANGLE said the investment followed a $350 million round in February, when SambaNova debuted its flagship inference chip SN50.

CNBC

The SN50 is described as delivering more than three times as much throughput as Nvidia Corp.’s B200 graphics card, with a top speed described as being five times faster.

SiliconANGLE also said the SN50 is shipped as part of a 16-chip appliance called the SambaRack SN50, and that the system uses about 20 watts of power.

The company said it will use proceeds from the round to enhance its chip lineup, rack design and software, and to accelerate go-to-market efforts.

JPMorgan Chase is set to adopt SambaNova’s SN50 and also intends to use the company’s previous-generation SN40 chip, according to SiliconANGLE.

CNBC reported that JPMorgan Chase said it would deploy SambaNova’s systems for "on-prem inference in our demanding enterprise AI workloads."

General Atlantic

In a statement carried by Quartz, Darrin Alves, chief information officer of infrastructure platforms at JPMorganChase, said, "At JPMorganChase, AI infrastructure has to meet a very high bar for performance, control and reliability."

Quartz also quoted SambaNova co-founder and CEO Rodrigo Liang describing on-prem deployment as bringing infrastructure "with models that are then under your control with your private data, and having all within your firewalls."

TechCrunch added that Liang told it the JPMorgan win would send a signal that banks are building private, secure infrastructure to run inference on sensitive models rather than relying on cloud services.

The Series F first close valued SambaNova at $11 billion post-money, with General Atlantic leading and participation from Seligman Ventures, T. Rowe Price Associates, and Capital Group, according to Pulse 2.0.

Pulse 2.0 listed additional investors including BlackRock, Intel Capital, and the Qatar Investment Authority, and said new and existing investors also included A&E Investment, Assam Ventures, Battery Ventures, Cambium Capital, Kabila Capital, QFO Capital, Vista Equity Partners, and Volantis.

In a quote carried by Pulse 2.0, Rodrigo Liang said, "SambaNova’s $11 billion valuation highlights the central role that fast inference now plays in the enterprise AI stack."

TechCrunch said the round comes about five months after SambaNova unveiled its SN50 chip alongside a $350 million Series E in February, and it reported that more investors were expected to join soon.

TechCrunch also said SambaNova’s SN50 is due to begin shipping to customers in the second half of 2026, with SoftBank as its first deployment partner, and that the company is using proceeds to scale the business and shore up its supply chain against an "incredible wave of demand."