SambaNova Systems Closes $150M Funding Round
Photo Credit: SambaNova Systems

SambaNova Systems Closes $150M Funding Round

Intel Capital, GV (formerly Google Ventures), Atlantic Bridge Ventures, and Redline Capital have united to help SambaNova finish its $150 million Series B funding round. Intel Capital, which focuses its investments on companies using artificial intelligence, cloud computing, and autonomous technology, led the funding.

“It’s an exciting time to be able to partner with industry powerhouses in semiconductors and AI software to help revolutionize the AI market,” said co-founder and CEO Rodrigo Liang.

SambaNova Systems wants AI to be used across industries. The company currently helps clients build out AI uses through its hardware and software platform. It has already begun surfacing in the automobile industry and the human resources sector.

SambaNova Systems was founded in 2017 in Palo Alto, California by Kunle Olukotun, Liang and Christopher Ré. Olukotun and Ré are also professors at Stanford University. Kunle leads the Stanford Hydra Chip Multiprocessor project while balancing life as a startup founder, and Ré is affiliated with the Stanford AI Lab.

In a press release, Liang said the funding would be used to expand its apps, build out more products, and improve its system’s architecture to help clients scale their AI infrastructures.

SambaNova Systems currently has offices in California and Austin.