SambaNova Raises $1B Series F at $11B Valuation, Led by General Atlantic

SambaNova raised $1B in a first close of its Series F at an $11B valuation led by General Atlantic, five months after a $350M Series E — and named JPMorganChase as an inference-infrastructure partner running its SN40L and SN50 systems on-premises. The bank win is the real signal: it marks large financial institutions building private, secure inference on their most sensitive models rather than depending on cloud, a shift CEO Rodrigo Liang expects to spread beyond banking.

Source: techcrunch.com ↗