SambaNova Lands $1 Billion, Reaching $11 Billion Valuation

U.S. AI chip maker SambaNova Systems has raised $1 billion in a round led by General Atlantic, lifting its post-money valuation to $11 billion. Reported on or around July 8, 2026, the round also drew participation from Seligman Ventures, T. Rowe Price and Capital Group, with the funding details confirmed across multiple outlets. It follows a Series E of more than $350 million closed in February 2026, led by Vista Equity Partners with Intel Capital among the backers — a sharp step-up in valuation over just a few months.