Total amount raised
$1.1 Billions
Latest funding date
10/1/2023
Location
SambaNova Systems has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The company specializes in developing advanced software and hardware solutions for AI and machine learning applications.
Keep reading to explore the intricacies of SambaNova Systems' fundraising journey and the investors backing this innovative platform.
What Is SambaNova Systems?
Founded in 2017, SambaNova Systems is headquartered in Palo Alto, California. The company was established by Christopher Ré, Kunle Olukotun, and Rodrigo Liang, who are experts in hardware and software design.
SambaNova Systems specializes in developing advanced software and hardware solutions for artificial intelligence and machine learning applications. Their technology supports data processing and model training, catering to various sectors including healthcare, finance, and autonomous vehicles.
With a workforce of 501-1000 employees, SambaNova Systems continues to innovate and revolutionize AI workloads, providing enterprise-scale platforms designed to unlock valuable business insights from data.
How Much Funding Has SambaNova Systems Raised?
- Seed Round
- Amount Raised: $2M
- Date: November 2017
- Lead Investors: Celesta Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Series A
- Amount Raised: $56M
- Date: March 2018
- Lead Investors: Google Ventures, Walden International
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A (Extension)
- Amount Raised: $7.3M
- Date: August 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support product development and market entry.
- Series B
- Amount Raised: $150M
- Date: April 2019
- Lead Investors: Intel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series C
- Amount Raised: $250M
- Date: February 2020
- Lead Investors: BlackRock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and increase production capacity.
- Series D
- Amount Raised: $676M
- Date: April 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Over $5 billion
- Motivation Behind the Round: To enhance AI infrastructure and expand into new markets.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: October 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
Total Amount Raised: $1.1413 billion. Current Valuation: Over $5 billion.
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group, focusing on technology investments. It is known for making large-scale investments in innovative companies.
- Investment Focus Areas: Technology, AI, robotics, telecommunications.
- Notable Investments: Uber, WeWork, ARM Holdings.
- BlackRock
- Details: BlackRock is an American global investment management corporation. It is one of the world's largest asset managers, with a broad range of investment strategies.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Apple, Microsoft, Amazon.
- Intel Capital
- Details: Intel Capital is the venture capital arm of Intel Corporation. It focuses on investing in technology startups that align with Intel's strategic interests.
- Investment Focus Areas: AI, cloud computing, semiconductor industries.
- Notable Investments: Cloudera, Mirantis, MongoDB.
- Google Ventures (GV)
- Details: Google Ventures, now known as GV, is the venture capital investment arm of Alphabet Inc. It focuses on technology companies across various stages.
- Investment Focus Areas: Technology, life sciences, consumer products.
- Notable Investments: Uber, Nest, Slack.
- Walden International
- Details: Walden International is a venture capital firm focusing on technology investments. It has a strong presence in the semiconductor and software sectors.
- Investment Focus Areas: Technology, semiconductors, software.
- Notable Investments: GoPro, Creative Technology, Ambarella.
What's Next for SambaNova Systems?
SambaNova Systems stands at the cusp of significant opportunities, driven by the growing demand for AI and machine learning solutions. Their subscription-based model for AI servers and software positions them to capitalize on the increasing need for enterprise-level AI capabilities. With a valuation exceeding $5 billion, the company is well-placed to expand its market reach and enhance its product offerings.
Future fundraising prospects appear promising, given the strong backing from major investors like SoftBank and BlackRock. As the AI market continues to grow, SambaNova is likely to attract further investment to support its ambitious expansion plans. However, the company will need to navigate challenges such as intense competition and managing production capacity to maintain its competitive edge.
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