---
title: "SambaNova raises fresh funding at an $11bn valuation as the Nvidia-alternative trade heats up"
url: https://daily.dev/posts/sambanova-raises-fresh-funding-at-an-11bn-valuation-as-the-nvidia-alternative-trade-heats-up-m5a6txjdc
source_url: https://thenextweb.com/news/sambanova-11-billion-valuation-ai-chips
type: article
source: "The Next Web"
published: 2026-07-08T11:56:53.062Z
updated: 2026-07-08T11:57:11.646Z
tags: ["venture-capital", "nvidia", "gpu", "ai-inference"]
reading_time: 4
upvotes: 0
comments: 0
language: en
---

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# SambaNova raises fresh funding at an $11bn valuation as the Nvidia-alternative trade heats up

**[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments

## Summary

SambaNova has raised fresh funding at an $11bn valuation, up from roughly $2bn earlier in the year — a fivefold jump driven by investor appetite for Nvidia alternatives. The company builds chips using a Reconfigurable Dataflow Unit architecture targeting AI inference workloads, pitching lower cost and power consumption versus GPU-based designs. Backers include SoftBank Vision Fund, Intel, BlackRock, and Temasek, with total lifetime funding near $1.5bn. The rapid re-rating reflects a broader market shift from model training to inference, where cost efficiency is now critical. SambaNova competes with Cerebras and Groq for the same opening, and the $11bn valuation raises questions about a potential IPO.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/sambanova-11-billion-valuation-ai-chips>

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---

Tags: [#venture-capital](https://daily.dev/tags/venture-capital), [#nvidia](https://daily.dev/tags/nvidia), [#gpu](https://daily.dev/tags/gpu), [#ai-inference](https://daily.dev/tags/ai-inference)

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