
SambaNova raises $1B at $11B valuation five months after last round
SambaNova Systems has raised $1 billion at an $11 billion valuation in the first close of its Series F round, led by General Atlantic. The round comes roughly five months after the company's $350 million Series E and launch of its SN50 chip. CEO Rodrigo Liang said additional investors are expected in a second close soon. The company also announced that JPMorganChase has selected SambaNova as an inference infrastructure partner, deepening its ties with Intel through a co-development partnership.