SambaNova Systems, a Palo Alto, CA-based company building an advanced systems platform to run artificial intelligence (AI) and data-intensive applications from the datacenter to the edge, raised $250m in Series C funding.
The 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 company intends to use the funds to further accelerate the software capabilities of its computing platform and to build out all areas of the organization.
Founded in 2017 by Rodrigo Liang and Stanford Professors Kunle Olukotun and Chris Ré. Olukotun, known as the “father of the multi-core processor,” SambaNova Systems offers 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 datacenter to the edge. Its reconfigurable dataflow architecture enables applications to drive optimized hardware configurations. In April of 2019, the company announced a Series B funding round of $150m, led by Intel Capital with participation from GV.