Sambanova

SambaNova has successfully raised $1 billion in its Series F funding round, valuing the AI compute company at $11 billion, with JPMorgan Chase planning to deploy its rack-scale data units for on-premise inference.

AI infrastructure company SambaNova secured $350 million in new funding, backed by Intel, to further develop its dataflow architecture as a competitive alternative to GPU-based systems for artificial intelligence inference tasks.

SambaNova is reportedly seeking $500 million in new funding following the breakdown of acquisition discussions with Intel, which had previously considered a $1.6 billion purchase.