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Sambanova Systems Raises $676M In Series D, Surpasses $5B Valuation And Becomes World’S Best-Funded Ai Startup

Apr 13, 2021•over 4 years ago

Amount Raised

$676 Million

Round Type

series d

Palo Alto

Description

SambaNova Systems, the company building the industry’s most advanced software, hardware and services to run AI applications, today announced a $676 million Series D funding round led by SoftBank Vision Fund 2*. The round includes additional new investors Temasek and GIC, plus existing backers including funds and accounts managed by BlackRock, Intel Capital, GV (formerly Google Ventures), Walden International and WRVI.

Company Information

Company

Samba Nova Systems

Location

Palo Alto, California, United States

About

SambaNova Systems is building the industry’s most advanced systems platform to run AI applications from the data center to the cloud and to the edge. Founded in November 2017 in Palo Alto, California by industry luminaries, hardware and software design experts, world-class innovators from Sun/Oracle, and Stanford University. SambaNova Systems’ mission is to bring AI innovations that have been developed in advanced research to organizations around the world, helping to create AI for everyone, everywhere. Headquartered in Palo Alto, Calif., the company’s investors include SoftBank Vision Fund 2, funds and accounts managed by BlackRock, Intel Capital, GV, Walden International, Temasek, GIC, Redline Capital, Atlantic Bridge Ventures, WRVI Capital and several others. For more information please visit us at sambanova.ai or contact us at info@sambanova.ai.

FundzWatch™ Score

Medium Activity

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech