SambaNova's valuation rises to $11 billion as JPMorgan adopts its AI inference system

According to DeepTech Beat monitoring, AI chip and infrastructure company SambaNova has completed a Series F funding round of $1 billion, bringing the company's post-investment valuation to $11 billion. The round was led by General Atlantic, with participation from Seligman Ventures, T. Rowe Price, Capital Group, and others.

SambaNova also announced that JPMorgan Chase has selected its RDU chip system for secure on-premises AI inference. The RDU is SambaNova's in-house dataflow processing chip designed for enterprise deployment, ensuring sensitive data does not leave the internal network for external cloud processing.

The new funding will be used to scale production, drive product development, and expand enterprise, cloud, and sovereign AI deployments.