Home / Technology / SambaNova Secures Major Funding and Intel Deal
SambaNova Secures Major Funding and Intel Deal
25 Feb
Summary
- SambaNova secured $350 million in a new funding round.
- Intel Capital invested in SambaNova, forming a new partnership.
- SoftBank will be the first customer for SambaNova's SN50 chip.
SambaNova Systems recently closed a substantial new funding round, securing $350 million. This capital infusion was led by Vista Equity Partners and Cambium Capital, with a notable investment from Intel Capital, the investment arm of chip giant Intel. The company intends to leverage these funds to expand its new SN50 AI chip and scale its SambaCloud platform.
This funding round also ushers in a strategic partnership between SambaNova and Intel. The multi-year agreement focuses on delivering AI inference solutions designed for cost-effectiveness, aiming to complement Intel's existing data center GPU offerings. SoftBank Corp. has been identified as the first major customer, planning to integrate SambaNova's SN50 chip into its AI data centers located in Japan.
