Technology · 40 views
AI chip maker SambaNova raises $1B at $11B valuation, 5 months after last mega round
AI chip company SambaNova Systems has raised $1 billion at an $11 billion valuation led by General Atlantic, in a first close of its Series F round, with more investors expected to join soon.
Summary
AI chip company SambaNova Systems has raised $1 billion at an $11 billion valuation led by General Atlantic, in a first close of its Series F round, with more investors expected to join soon. “In the next few weeks, a few more investors will be coming in, and the second close is likely to finish up,” Rodrigo Liang, CEO and co-founder of SambaNova, told TechCrunch.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedCoverage Context
More from Technology
Continue reading recent Technology coverage
- OpenAI says it's cutting off internet access for frontier model trainingContinue reading
- Hottest toy for Christmas? Nvidia CEO plays with adorable Microduck robots, 20,000 sellContinue reading
- Xbox’s first chief operating officer is out after just a few monthsContinue reading
- OpenAI now trains its frontier AI models with no internet accessContinue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow