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AI chip maker SambaNova raises US$676 million

AI chip maker SambaNova raises US$676 million
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AI chip maker SambaNova raises $676 million, valued at over $5 billion

AI chip maker SambaNova raises $676 million, valued at over $5 billion
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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AI chip maker SambaNova raises $676 million, valued at over $5 billion

AI chip maker SambaNova raises $676 million, valued at over $5 billion
By Jane Lanhee Lee
Reuters
(Reuters) - SambaNova Systems, a Silicon Valley startup that makes semiconductors for artificial intelligence related computation work, said on Tuesday it raised $676 million in a funding round led by SoftBank Group Corp s Vision Fund 2.
The latest injection took SambaNova’s total funding to more than $1 billion, valuing the company at more than $5 billion, it said.
The funding round is the third biggest venture capital deal in chips the last two decades, according to data firm PitchBook. While Silicon Valley has focused its fire power on software, social media, and internet investments over the past decade, there has been a shift in recent years to back more challenging technology, including semiconductors. PitchBook’s data shows global venture capitalists invested $7.4 billion in 2020, a 20-year record. ....

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AI chip maker SambaNova raises $676 million, valued at over $5 billion

AI chip maker SambaNova raises $676 million, valued at over $5 billion
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Penghu Xian , Jane Wardell , Jane Lanhee Lee , Kunle Olukotun , Rodrigo Liang , Thomson Reuters Trust Principles , Walden International , Taiwan Semiconductor Manufacturing Co , Stanford Ai Lab , Softbank Group Corp Vision Fund , Government Of Singapore Investment Corp , Stanford University , Jane Lanhee , Nova Systems , Silicon Valley , Softbank Group Corp , Vision Fund , While Silicon Valley , Taiwan Semiconductor Manufacturing , Stanford Hydra Chip Multiprocessor , Singapore Investment Corp , Intel Capital , Google Ventures , Thomson Reuters Trust , கருப்பு பாறை , ஜேன் வார்டெல் ,

AI chip maker SambaNova raises $676 million, valued at over $5 billion

AI chip maker SambaNova raises $676 million, valued at over $5 billion
metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.

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