SambaNova Systems Raises $676M in Series D, Surpasses $5B Valuation and Becomes World’s Best-Funded AI Startup

PALO ALTO, Calif.–()–SambaNova Systems, the corporate constructing the business’s most superior software program, {hardware} and companies to run AI purposes, right this moment introduced a $676 million Series D funding spherical led by SoftBank Vision Fund 2*. The spherical consists of further new traders Temasek and GIC, plus current backers together with funds and accounts managed by BlackRock, Intel Capital, GV (previously Google Ventures), Walden International and WRVI.

This Series D brings SambaNova’s complete funding to greater than $1 billion and rockets its valuation to greater than $5 billion.

Now the best-funded AI methods and companies platform startup on this planet, SambaNova will use its newest injection to aggressively problem legacy rivals because it continues to shatter the computational limits of AI {hardware} and software program at the moment in the marketplace — all whereas making AI options for personal and public sectors extra accessible.

“We’re here to revolutionize the AI market, and this round greatly accelerates that mission,” mentioned 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 providing is Dataflow-as-a-Service (DaaS), a subscription-based, extensible AI companies platform designed to jump-start enterprise-level AI initiatives, augmenting organizations’ AI capabilities and accelerating the work of current knowledge facilities, permitting the group to give attention to its enterprise aims as an alternative of infrastructure.

At the core of DaaS is SambaNova’s DataScale, an built-in software program and {hardware} methods platform with optimized algorithms and next-generation processors delivering unmatched capabilities and effectivity throughout purposes for coaching, inference, knowledge analytics, and high-performance computing. SambaNova’s software-defined-hardware method has set world information in AI efficiency, accuracy, scale, and ease of use.

“SambaNova has created a leading systems architecture that is flexible, efficient and scalable. This provides a holistic software and hardware solution for customers and alleviates the additional complexity driven by single technology component solutions,” mentioned Deep Nishar, Senior Managing Partner at SoftBank Investment Advisers. “We are excited to partner with Rodrigo and the SambaNova team to support their mission of bringing advanced AI solutions to organizations globally.”

“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,” mentioned 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.”

Stanford Professors Kunle Olukotun and Chris Ré, together with Liang, based SambaNova in 2017 and got here out of stealth in December 2020. Olukotun is called the “father of the multi-core processor” and the chief of the Stanford Hydra Chip Multiprocessor (CMP) analysis venture. Ré is an affiliate professor within the Department of Computer Science at Stanford University. He is a MacArthur Genius Award recipient, and is affiliated with the Statistical Machine Learning Group, Pervasive Parallelism Lab, and Stanford AI Lab.

About SambaNova Systems

SambaNova Systems is constructing the business’s most superior methods platform to run AI purposes from the info middle to the cloud and to the sting. Founded in November 2017 in Palo Alto, California by business luminaries, {hardware} and software program design consultants, world-class innovators from Sun/Oracle, and Stanford University. SambaNova Systems’ mission is to deliver AI improvements which were developed in superior analysis to organizations around the globe, serving to to create AI for everybody, all over the place. Headquartered in Palo Alto, Calif., the corporate’s traders embrace 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 a number of other others. For extra info please go to us at sambanova.ai or contact us at info@sambanova.ai.

Follow SambaNova Systems on LinkedIn.

*As of the date of this press launch, SoftBank Group Corp. has made capital contributions to permit investments by SoftBank Vision Fund 2 (“SVF 2”) in sure portfolio firms. The info included herein is made for informational functions solely and doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase restricted partnership pursuits in any fund, together with SVF 2. SVF 2 has but to have an exterior shut, and any potential third-party traders shall obtain further info associated to any SVF 2 investments previous to closing.

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