GV and Intel Capital returned to reinvest in the computing technology provider, which was co-founded by Stanford professors and has now raised more than $450m altogether.
SambaNova Systems, a US-based artificial intelligence system developer co-founded by Stanford University faculty, received $250m in series C funding yesterday led by funds and accounts managed by investment firm BlackRock.
Intel Capital and GV, respective subsidiaries of chipmaker Intel and conglomerate Alphabet, also took part in the round, as did venture capital firms Walden International, WRVI Capital and Redline Capital.
SambaNova was formed to bring cutting-edge AI technology to products that can be utilised by a wider range of organisations. Its lead product is an optimisable platform that combines hardware and software to run compute and data-intensive applications across a range of systems.
The company’s co-founders include Stanford University professors Kunle Olukotun, who heads the university’s Hydra Chip Multiprocessor research project, and Christopher Ré, an associate professor in Stanford’s department of computer science.
The series C round will be used to beef up the core capabilities…
