SambaNova Raises $1B at $11B Valuation; JPMorgan Signs On

AI chip maker SambaNova Systems said on July 8, 2026, that it had raised $1 billion in a Series F round led by General Atlantic, lifting its valuation to $11 billion. The mega round comes roughly five months after its last raise, and the company simultaneously disclosed that JPMorgan Chase will adopt its systems for on-premises inference.