# SambaNova raises $1B Series F at $11B valuation

> SambaNova has completed the first close of a $1 billion Series F at an $11 billion valuation, led by General Atlantic with new backers including Seligman Ventures and T. Rowe Price. The AI chip and systems maker will use the capital to expand capacity and push product development across its chips, systems, and software stack. The round arrives with a marquee validation, JPMorganChase has selected SambaNova as an inference infrastructure partner for secure, on-premises AI, exactly the kind of regulated, data-sensitive customer the company is chasing. That deal underscores where SambaNova is aiming, at enterprises, neo-clouds, and sovereign AI buyers who want alternatives to renting cloud GPUs. The valuation is not an unbroken up-and-to-the-right story, it sits below the $1.6 billion figure floated in earlier Intel acquisition talks, a reminder that even well-funded AI hardware players face brutal competition against Nvidia. Still, a billion-dollar raise signals real conviction that specialized inference silicon has a durable place as AI workloads shift from training toward serving models at scale.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: TechCrunch · Published Sunday, July 12, 2026_

## Wortins' read

SambaNova has completed the first close of a $1 billion Series F at an $11 billion valuation, led by General Atlantic with new backers including Seligman Ventures and T. Rowe Price. The AI chip and systems maker will use the capital to expand capacity and push product development across its chips, systems, and software stack. The round arrives with a marquee validation, JPMorganChase has selected SambaNova as an inference infrastructure partner for secure, on-premises AI, exactly the kind of regulated, data-sensitive customer the company is chasing. That deal underscores where SambaNova is aiming, at enterprises, neo-clouds, and sovereign AI buyers who want alternatives to renting cloud GPUs. The valuation is not an unbroken up-and-to-the-right story, it sits below the $1.6 billion figure floated in earlier Intel acquisition talks, a reminder that even well-funded AI hardware players face brutal competition against Nvidia. Still, a billion-dollar raise signals real conviction that specialized inference silicon has a durable place as AI workloads shift from training toward serving models at scale.

## Source

[Read the full story at TechCrunch](https://techcrunch.com/2026/07/08/sambanova-draws-1b-at-11b-valuation-in-series-f-first-close/)

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