SambaNova Systems, a Palo Alto, Calif.-based company building software, hardware and services to run AI applications, raised $676m in Series D funding.
The round was led by SoftBank Vision Fund 2 with participation from new investors Temasek and GIC, plus existing backers including funds and accounts managed by BlackRock, Intel Capital, GV (formerly Google Ventures), Walden International and WRVI.
This Series D brings SambaNova’s total funding to more than $1 billion and valuation to more than $5 billion.
The company intends to use the funds to continue to expand its business reach and development efforts.
Led by Rodrigo Liang, co-founder and CEO, SambaNova provides a SaaS, subscription-based platform designed to launch enterprise-level AI initiatives, augmenting organizations’ AI capabilities and accelerating the work of existing data centers, allowing the organization to focus on its business objectives instead of infrastructure.
At the core of the company’s DataScale there is an integrated software and hardware systems platform with optimized algorithms and next-generation processors that deliver capabilities and efficiency across applications for training, inference, data analytics, and high-performance computing.