July 4, 2020

SambaNova Systems – $250 Million

SambaNova Systems

Palo Alto, CA ; 2/25/20

Amount Funded: $250 Million

Type: Series C

Lead Investor: BlackRock

Participating Investor(s): GV, Intel Capital, Walden International, WRVI Capital, Redline Capital

Company Description: “SambaNova Systems delivers the industry’s most advanced systems platform to run AI and data-intensive applications from the datacenter to the edge. Founded 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.”

What funding will be used for:

Build out all areas of SambaNova Systems.

Quotes:

“Raising $250M in this funding round with support from new and existing investors puts us in a unique category of capitalization. This enables us to further extend our market leadership in enterprise computing.”

-Rodrigo Liang, co-founder & CEO, SambaNova Systems

Notes:

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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