SambaNova raises $1B at $11B valuation, five months after prior mega round
July 8. A $1 billion funding round closed at AI chip maker SambaNova at an $11 billion valuation, the company disclosed, five months after its previous large round. The raise comes after Intel was reported to be weighing an acquisition of SambaNova for roughly $1.6 billion.
Key takeaways
- SambaNova, an AI chip maker, closed a $1 billion funding round at an $11 billion valuation, as disclosed on July 8.
- The round came five months after SambaNova's previous large funding round.
- Intel had been reported to be weighing an acquisition of SambaNova for roughly $1.6 billion.
- SambaNova did not disclose the investors, who led the round, or the terms.
- SambaNova has not publicly addressed the reported Intel acquisition talks.
July 8. A $1 billion funding round closed at AI chip maker SambaNova at an $11 billion valuation, the company disclosed, five months after its previous large round. The raise comes after Intel was reported to be weighing an acquisition of SambaNova for roughly $1.6 billion.
The gap between a rumored buyout and a new round
Intel's reported interest came at a price of roughly $1.6 billion. SambaNova's new round values the company at $11 billion. The source provided no detail on whether Intel's interest was formally conveyed to SambaNova or why any discussions did not proceed.
SambaNova did not disclose which investors participated, who led the round, or the terms. The company has not publicly addressed the reported Intel talks.
A second mega round in five months
SambaNova's previous large round closed roughly five months before this one. The source gave no explanation for the pace or what the $1 billion will fund.
SambaNova operates in the AI chip space. Intel was described as having considered acquiring the company at roughly $1.6 billion. The source attributed no formal bid to Intel.