Stanford-founded AI application platform developer SambaNova has raised $150m in a series B round led by Intel Capital that also featured existing investor GV.
SambaNova Systems, a US-based artificial intelligence (AI) application technology spinout of Stanford University, raised $150m on Monday in a series B round led by Intel Capital, the corporate venturing arm of semiconductor maker Intel.
GV, a corporate venture capital subsidiary of internet and technology group Alphabet, also participated in the round, as did VC firms Walden International and Redline Capital and growth equity firm Atlantic Bridge Ventures.
Founded in late 2017, SambaNova is working on a software platform capable of running cutting-edge AI technology sourced from advanced research being conducted across the world.
One of SambaNova’s co-founders, Kunle Olukotun, is a cadence design professor of electrical engineering and computer science at Stanford University while another, Christopher Ré, is an associate professor in Stanford’s department of computer science.
The company emerged from stealth in March 2018 having secured $56m in a series A round co-led by GV…