AI chip maker SambaNova raises $676 million, valued at over $5 billion


Rodrigo Liang, SambaNova Systems co-founder and CEO, poses in front of the company logo in Palo Alto, U.S. in this undated handout photo. SambaNova makes semiconductors for artificial intelligence computation work and announced it raised $676 million in its latest funding round. CHRISTOPHE TESTI/Creative Shot Photography/Handout via REUTERS

(Reuters) - SambaNova Systems, a Silicon Valley startup that makes semiconductors for artificial intelligence related computation work, said on Tuesday it raised $676 million in a funding round led by SoftBank Group Corp's Vision Fund 2.

The latest injection took SambaNova’s total funding to more than $1 billion, valuing the company at more than $5 billion, it said.

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