SambaNova Systems, the company building the industry’s most advanced software to run AI applications, is receiving $676 million in Series D funding, empowering the company to use its latest injection to aggressively challenge legacy competitors.
The round was led by SoftBank Vision Fund 2 and 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.Tweet this
This Series D brings SambaNova’s total funding to more than $1 billion and rockets its valuation to more than $5 billion.
“We’re here to revolutionize the AI market, and this round greatly accelerates that mission,” said Rodrigo Liang, SambaNova co-founder and CEO. “Traditional CPU and GPU architectures have reached their computational limits. To truly unleash AI’s potential to solve humanity’s greatest technology challenges, a new approach is needed. We’ve figured out that approach, and it’s exciting to see a wealth of prudent investors validate that.”
SambaNova’s flagship offering is Dataflow-as-a-Service (DaaS), a subscription-based, extensible AI services platform designed to jump-start enterprise-level AI initiatives, augmenting organizations’ AI capabilities and accelerating the work of existing data centers, allowing the organization to focus on its business objectives instead of infrastructure.
At the core of DaaS is SambaNova’s DataScale, an integrated software and hardware systems platform with optimized algorithms and next-generation processors delivering unmatched capabilities and efficiency across applications for training, inference, data analytics, and high-performance computing. SambaNova’s software-defined-hardware approach has set world records in AI performance, accuracy, scale, and ease of use.
“In working with the industry’s premier investors, we have the support needed to bring SambaNova’s bold vision to life and make AI accessible for any organization,” said Lip-Bu Tan, SambaNova chairman. “The democratization of artificial intelligence will certainly accelerate how the technology impacts our world and will unlock new possibilities for its use.”
For more information about this news, visit https://sambanova.ai/.