Tech Company Financing Transactions
SambaNova Funding Round
SambaNova closed a $150 million Series B funding round on 4/3/2019. Backers included Intel Capital, Atlantic Bridge Ventures and GV.
Transaction Overview
Company Name
Announced On
4/3/2019
Transaction Type
Venture Equity
Amount
$150,000,000
Round
Series B
Investors
Intel Capital (Lead Investor) (Wendell Brooks)
GV (David Munichiello)
Walden International Ventures (Lip-Bu Tan)
Proceeds Purpose
The financing will be used to extend SambaNova's product roadmap, and to continue to expand the software capabilities of its products to bolster their lead in AI software in pursuit of additional markets.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
2460 N 1st St 100
San Jose, CA 95131
USA
San Jose, CA 95131
USA
Phone
Website
Email Address
Overview
SambaNova strives to be the most efficient and adaptable AI platform on the planet. Our AI solution is designed to empower enterprises to control the trajectory of their data and AI future. SambaNova was founded in 2017 in Palo Alto, California, by a group of industry luminaries, business leaders, and world-class innovators who understand AI. Today, we've built a smart and motivated team dedicated to making a lasting impact on the industry and equipping our customers to thrive in the new era of AI.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rodrigo Liang
Co-Founder
Kunle Olukotun
Co-Founder
Christopher Ré
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Where The Data Comes From
We report on funding rounds that are announced publicly. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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