Jul. 10 at 7:38 PM
SambaNova Systems has raised
$1 billion in the first close of its Series F funding round, reaching an
$11 billion post-money valuation.
The investment was led by General Atlantic, with significant participation from Seligman Ventures, T. Rowe Price Associates, and Capital Group. Additional backers include Intel Capital
$INTC,
$BLK, Vista Equity Partners, Battery Ventures, the Qatar Investment Authority (QIA), and several new and existing investors.
CEO Rodrigo Liang said that more investors are expected to join in a second close.
The company plans to use the new capital to expand its operations and strengthen its supply chain in response to what Liang described as an “incredible wave of demand.” He emphasized that securing supply is critical to fulfilling customer orders and purchasing the materials needed to support deliveries over the next 12 months. https://techcrunch.com/2026/07/08/sambanova-draws-1b-at-11b-valuation-in-series-f-first-close/