SambaNova secures $1 billion Series F, $11 billion valuation

AI chip startup SambaNova Systems announced on Wednesday, July 8, 2026, that it has raised $1 billion in a new funding round, valuing the company at $11 billion. The Series F round was led by investment firm General Atlantic and signals intense investor interest in alternatives to dominant AI hardware providers.

The Palo Alto-based company, founded in 2017, specializes in hardware and systems for AI inference, the process by which trained AI models generate responses to user queries. The latest capital infusion will be used to expand manufacturing capacity, accelerate product innovation, and scale global deployments of its technology. SambaNova stated it plans to continue investing across its full-stack AI infrastructure, encompassing chips, systems, and software.

The funding round included participation from a wide array of new and existing investors. These include Seligman Ventures, T. Rowe Price Associates, Capital Group, AE Investment, Assam Ventures, funds managed by BlackRock, and the Qatar Investment Authority. Intel Capital, a long-term backer, also participated, deepening a strategic partnership between the two firms.

This $1 billion raise follows a $350 million Series E...