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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.
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