SambaNova Closes $1B Series F at $11B Valuation, Lands JPMorganChase as Flagship Customer
One-line summary: AI inference chipmaker SambaNova raised $1 billion in a Series F first close at an $11 billion post-money valuation on July 8, backed by General Atlantic, T. Rowe Price, and the Qatar Investment Authority.
Key facts
- Round led by General Atlantic; participants include T. Rowe Price, QIA, BlackRock, Intel Capital, Vista Equity Partners, and Battery Ventures
- JPMorganChase selected SambaNova as a strategic inference-infrastructure partner, deploying SN40 and SN50 chips for secure, on-premises AI workloads
- Proceeds earmarked for capacity expansion, next-generation chip R&D, and sovereign AI and neo-cloud market entry
- The round closes just five months after SambaNova's previous large raise, underscoring continued investor demand for non-Nvidia inference alternatives
Why it matters
As enterprises—particularly in finance and government—push for on-premises AI to reduce supply-chain risk and meet data-residency requirements, dedicated inference silicon is becoming a strategic priority. JPMorganChase's commitment signals that the market for sovereign GPU-agnostic inference is large enough to anchor a multi-billion-dollar infrastructure bet.
Read more
- SambaNova raises $1B at $11B valuation — TechCrunch
- SambaNova Raises $1 Billion Series F — Bloomberg