Funding round
SambaNova Series A
SambaNova, which works in AI infrastructure hardware manufacturing in San Jose, raised $56M in a Series A round announced on 15 Mar 2018, led by GV and Walden International. 4 firms took part. It is SambaNova's first venture round on record.
$56M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
SambaNova did not disclose a valuation in this round. It is SambaNova's first venture round on record, 1 year after it was founded in 2017. It is 2.3% of the $2.48B SambaNova has raised in the venture rounds on record. SambaNova raised again 13 months later: a Series B round of $150M in Apr 2019. Its next priced round, a Series D in Apr 2021, valued it at $5.00B.
SambaNova's funding rounds
SambaNova has 6 venture rounds on record. This one is highlighted.
- Series A this round 15 Mar 2018, led by GV and Walden International $56M
- Series B 1 Apr 2019, led by Intel Capital $150M
- Series C 25 Feb 2020, led by BlackRock $250M
- Series D 13 Apr 2021, led by SoftBank Vision Fund $676M$5.00B post-money
- Series E 24 Feb 2026, led by Vista Equity Partners and Cambium Capital $350M$2.24B post-money
- Series F 8 Jul 2026, led by General Atlantic $1.00B$11.00B post-money
Investors
Who put money in
GV and Walden International led the round with 2 other firms.
Lead investors
- GV backs 428 venture-backed companies new investor
- Walden International new investor
Also in the round
- Redline Capital new investor
- backs 45 venture-backed companies new investor
Joined the board: Lip-Bu Tan (Walden International) and Dave Munichiello (GV).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
772 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 7.0 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 14 Mar 2018 | $20M | not disclosed | Singtel Innov8 |
| Tech Companies | 22 Mar 2018 | $20M | not disclosed | Burda Principal Investments |
| Tech Companies | 29 Mar 2018 | $20M | not disclosed | Renewal Funds |
| Tech Companies | 30 Mar 2018 | $17M | not disclosed | Spark Capital and Foundry |
| Tech Companies | 14 Mar 2018 | $16M | not disclosed | Mayfield and Shasta Ventures |
| Tech Companies | 27 Mar 2018 | $16M | not disclosed | OpenView and Trinity Ventures |
| Tech Companies | 13 Mar 2018 | $15M | $59M | Venrock |
| Tech Companies | 13 Mar 2018 | $13M | not disclosed | Andreessen Horowitz |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did SambaNova raise in its Series A round?
SambaNova raised $56M in its Series A round, announced in Mar 2018.
Who led SambaNova's Series A round?
GV and Walden International led it, with Redline Capital and Atlantic Bridge.
What was SambaNova's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
772 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 7.0 times the median.
Did SambaNova raise again after this round?
Yes: a Series B round in Apr 2019 of $150M.