AI compute platform provider SambaNova has raised $1 billion in a Series F round, led by General Atlantic.

The company was valued at $11bn with significant investment from Seligman Ventures, T. Rowe Price Associates, Inc., and Capital Group.

New and existing investors include A&E Investment, Assam Ventures, Battery Ventures, Cambium Capital, BlackRock, Intel Capital, Kabila Capital, QFO Capital, Qatar Investment Authority (QIA), Vista Equity Partners, and Volantis.

SambaNova develops its own AI inference chips, known as Reconfigurable Data Units (RDUs), which it packages in a broader platform alongside Intel hardware.

“SambaNova’s platform is differentiated, built for a market where inference has become foundational to enterprise and industry transformation,” said Martín Escobari, co-president and head of global growth equity at General Atlantic.

“Rodrigo [Liang, CEO] and the team are driving deep technical innovation to achieve growing commercial momentum while demand for inference is accelerating well ahead of supply. We are pleased to lead this round to support SambaNova in shaping the next generation of AI infrastructure.”

SambaNova unveiled its latest SN50 RDU earlier this year, alongside an Intel partnership, and a $350m raise.

In June, investors Vista Equity Partners and Cambium Capital announced plans for Vector Core Compute, a new 'agentic neocloud' provider, featuring SambaNova hardware.

Alongside the new raise, SambaNova announced that JPMorganChase plans to deploy its hardware for on-prem inference workloads.

“At JPMorganChase, AI infrastructure has to meet a very high bar for performance, control and reliability,” said Darrin Alves, CIO, Infrastructure Platforms, JPMorganChase.

“We’re excited to deploy SambaNova’s RDU architecture and looking forward to testing its speed and security for on-prem inference in our demanding enterprise AI workloads.”