SambaNova Systems has completed the first close of a $1 billion Series F funding round at an $11 billion valuation, the AI infrastructure company announced on July 8, 2026.
The round
General Atlantic led the raise, with participation from Seligman Ventures, T. Rowe Price, Capital Group, Intel Capital, BlackRock, the Qatar Investment Authority, Vista Equity Partners and several other investors, according to a joint statement from SambaNova and General Atlantic. The company plans to bring in additional backers before the round fully closes.
The raise lands roughly five months after SambaNova’s $350 million Series E, which accompanied the launch of its SN50 chip in February.
What SambaNova sells
SambaNova builds a full-stack AI infrastructure platform — chips, systems, software and cloud services — aimed at running inference for large language models faster and more cheaply than general-purpose GPU setups. Its customers span enterprises, so-called neo-clouds, AI labs and sovereign AI programs.
Alongside the funding, the company said JPMorgan Chase has selected it as an inference-infrastructure partner, deploying SambaNova’s SN40L and SN50 systems to run AI workloads on-premises inside the bank. JPMorganChase CIO Darrin Alves said the bank is looking forward to testing the speed of SambaNova’s chip architecture.
Why it matters
The deal is one of the largest funding rounds yet for a company positioning itself as an alternative to Nvidia for AI inference, the stage where trained models actually answer queries rather than being trained. SambaNova CEO Rodrigo Liang said the $11 billion valuation reflects how central fast inference has become to enterprise AI deployments. SambaNova said the new capital will go toward expanding manufacturing capacity, product development and deployments for enterprise, cloud and government customers.