Private equity firm Vista Equity Partners is leading a new funding round of over $350M in artificial intelligence chip startup SambaNova Systems, with Intel (INTC) also participating, according to a Reuters report by Milana Vinn and Krystal Hu. The funding for the Nvidia (NVDA) competitor comes after acquisition talks between SambaNova and Intel stalled and marks a rare departure from Vista’s traditional focus on enterprise software. SambaNova, which was valued at $5B in a 2021 funding round, is seeking the new capital to meet growing demand for inference chips used in AI applications.
Claim 55% Off TipRanks
Trade NVDA with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTC:
- Intel Stock (NASDAQ:INTC) Surges Despite Shortage Warnings to the Chinese
- Private Markets: Cerebras hits $23B valuation with $1B Series H raise
- AMD Stock Jumps Despite Long Wait Times for Chinese CPU Orders
- AMD, Intel warn customers in China of lengthy wait times for CPUs, Reuters says
- Intel Stock (NASDAQ:INTC) Notches Up as Panther Lake Handhelds to Break Cover in Q2 2026