Funding round
SambaNova Series B
SambaNova, which works in AI infrastructure hardware manufacturing in San Jose, raised $150M in a Series B round announced on 1 Apr 2019, led by Intel Capital. 5 firms took part. It is SambaNova's second venture round on record; the one before was a Series A in Mar 2018.
$150M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
SambaNova did not disclose a valuation in this round. It came 13 months after SambaNova's Series A. It is 6.0% of the $2.48B SambaNova has raised in the venture rounds on record. SambaNova raised again 10 months later: a Series C round of $250M in Feb 2020. 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 15 Mar 2018, led by GV and Walden International $56M
- Series B this round 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
Intel Capital led the round with 4 other firms.
Lead investor
- Intel Capital backs 239 venture-backed companies new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- Walden International new investor
- backs 45 venture-backed companies new investor
- Redline Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
508 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $21M, and this round was 7.1 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Harness Tech Companies | 23 Apr 2019 | $60M | $500M | Institutional Venture Partners and GV |
| Tech Companies | 17 Apr 2019 | $41M | not disclosed | not named |
| Tech Companies | 29 Apr 2019 | $37M | not disclosed | Spark Capital |
| Chainalysis Tech Companies | 16 Apr 2019 | $36M | not disclosed | Accel |
| Tech Companies | 1 Apr 2019 | $35M | not disclosed | Viola Ventures |
| Tech Companies | 30 Apr 2019 | $34M | $161M | Summit Partners |
| Tech Companies | 29 Apr 2019 | $31M | not disclosed | Goldman Sachs Investment Partners |
| Aidoc Tech Companies | 17 Apr 2019 | $27M | not disclosed | Square Peg |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did SambaNova raise in its Series B round?
SambaNova raised $150M in its Series B round, announced in Apr 2019.
Who led SambaNova's Series B round?
Intel Capital led it, with GV, Walden International, Atlantic Bridge and Redline Capital.
What was SambaNova's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
508 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $21M, and this round was 7.1 times the median.
Did SambaNova raise again after this round?
Yes: a Series C round in Feb 2020 of $250M.