Funding round
SambaNova Series C
SambaNova, which works in AI infrastructure hardware manufacturing in San Jose, raised $250M in a Series C round announced on 25 Feb 2020, led by BlackRock. 7 firms took part. It is SambaNova's third venture round on record; the one before was a Series B in Apr 2019.
$250M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
SambaNova did not disclose a valuation in this round. It came 10 months after SambaNova's Series B. It is 10% of the $2.48B SambaNova has raised in the venture rounds on record. SambaNova raised again 14 months later: a Series D round of $676M in Apr 2021, at $5.00B post-money.
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 1 Apr 2019, led by Intel Capital $150M
- Series C this round 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
BlackRock led the round with 6 other firms.
Lead investor
- BlackRock new investor
Also in the round
- Intel Capital backs 239 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
- Walden International new investor
- backs 49 venture-backed companies new investor
- Redline Capital new investor
- Alphabet Inc
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
289 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 6.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Innovaccer Tech Companies | 14 Feb 2020 | $70M | not disclosed | Tiger Global and Steadview Capital |
| Tech Companies | 6 Feb 2020 | $65M | not disclosed | Morpheus Ventures and Alpha Edison |
| Tech Companies | 25 Feb 2020 | $60M | $1.16B | Dell Technologies Capital and ICONIQ Capital |
| Tech Companies | 12 Feb 2020 | $43M | not disclosed | Millennium New Horizons |
| Tech Companies | 19 Feb 2020 | $32M | not disclosed | Sequoia Capital India |
| Tech Companies | 24 Feb 2020 | $30M | not disclosed | Health Velocity Capital |
| Tech Companies | 19 Feb 2020 | $27M | not disclosed | not named |
| Tech Companies | 27 Feb 2020 | $15M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did SambaNova raise in its Series C round?
SambaNova raised $250M in its Series C round, announced in Feb 2020.
Who led SambaNova's Series C round?
BlackRock led it, with Intel Capital, GV, Walden International, Celesta Capital and Redline Capital and 1 more.
What was SambaNova's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
289 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 6.3 times the median.
Did SambaNova raise again after this round?
Yes: a Series D round in Apr 2021 of $676M at $5.00B post-money.