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Announced

Completed

SoftBank Vision Fund 2 led a $676m Series D round in SambaNova Systems.

Financials

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Transaction Value£492m
Consideration TypeCash
Capital Owned-
Capital Bid For14%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Cross Border

Private Equity

Private

Completed

Acquisition

Minority

United States

Single Bidder

Friendly

software development

Venture Capital

Synopsis

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SoftBank Vision Fund 2 led a $676m Series D round in SambaNova Systems, a computing startup focused on building machine learning and big data analytics platforms, with participation from Temasek, GIC, BlackRock, Intel Capital, GV (formerly Google Ventures), Walden International and WRVI. "We’re here to revolutionize the AI market, and this round greatly accelerates that mission. Traditional CPU and GPU architectures have reached their computational limits. To truly unleash AI’s potential to solve humanity’s greatest technology challenges, a new approach is needed. We’ve figured out that approach, and it’s exciting to see a wealth of prudent investors validate that," Rodrigo Liang, SambaNova CEO.

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