SambaNova Systems Emerges From Stealth and Secures $56 Million
SambaNova Systems, a Palo-Alto-based company developing computing platforms to power machine learning and data analytics applications, today emerged from stealth and announced $56 million in Series A funding, led by Walden International and GV (formerly Google Ventures). Other participants included Redline Capital and Atlantic Bridge Ventures.
SambaNova Systems was founded in 2017 and is based on technology from Stanford University professors Kunle Olukotun and Chris Ré. It is led by CEO Rodrigo Liang, former senior vice president of processor development at Oracle. The company’s underlying technology is largely based on DARPA-funded research from the two professors on efficient processing for artificial intelligence.
SambaNova will use the investment to expand its team of machine learning software and high-performance hardware engineers.