SambaNova Raises $1 Billion at $11 Billion Valuation to Challenge NVIDIA
The California AI chip startup secured Series F funding announced at Paris's Raise Summit, backed by General Atlantic, BlackRock, Intel Capital and the Qatar Investment Authority.
Abena Owusu
West Africa Editor · Accra
SambaNova, a California-based startup building artificial intelligence chips, has raised $1 billion in a Series F round that values the company at $11 billion, according to Ventureburn. The announcement was made at the Raise Summit in Paris, placing a closely watched AI hardware story squarely on the European stage.
The timing is notable for markets connecting Africa and Europe, where interest in AI infrastructure continues to grow and where buyers are increasingly weighing alternatives to established suppliers. A well-capitalised competitor to NVIDIA could, over time, broaden the range of hardware options available to enterprises and data centre operators across both regions.
Keep reading
Starlink Halts New Sign-Ups in Seven Kenyan Counties as Demand Outpaces Capacity
The satellite internet provider has redirected prospective customers in major Kenyan population centres to a waitlist after demand exceeded allocated network capacity.
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe — one sharp email each morning. No spam, unsubscribe anytime.
