SambaNova Systems Raises $250 Million In Series C Funding

SambaNova Systems Raises $250 Million In Series C Funding

by NeoTech Post

SambaNova Systems, a developer of an advanced systems platform to run artificial intelligence (AI) and data-intensive applications from the data center to the edge, announced a $250 million Series C funding round to further accelerate the software capabilities of its next-generation computing platform. 

The funding round was led by funds and accounts managed by BlackRock with participation from existing investors, including GV, Intel Capital, Walden International, WRVI Capital, and Redline Capital. 

The SambaNova Systems platform comprises an integrated hardware and software solution with an architecture optimized for dataflow from algorithms to silicon, enabling a broad range of compute-intensive applications to run from the data center to the edge. 

SambaNova Systems’ reconfigurable dataflow architecture enables applications to drive optimized hardware configurations. The constraints of fixed hardware will no longer confine software.

Founded in 2017, SambaNova Systems has raised over $450 million to date. In April of 2019, SambaNova Systems announced a Series B funding round of $150 million, led by Intel Capital with participation from GV. 

“Raising $250 million in this funding round with support from new and existing investors puts us in a unique category of capitalization,” said Rodrigo Liang, co-founder and CEO, SambaNova Systems. “This enables us to further extend our market leadership in enterprise computing.”

Image Credit: SambaNova