SambaNova Systems, Inc. announced that it will raise a round of funding on July 8, 2026. On the same date, the company announced that it has raised $1,000 million in its first tranche led by new investor General Atlantic Service Company, L.P, and including participation from new investors The Capital Group Companies, Inc., Kabila Capital, Volantis and QFO Capital; and returning investors Intel Capital Corporation, Seligman Ventures, T. Rowe Price Group, Inc., A&E Capital, Assam Ventures Llc, Battery Ventures L.P., Cambium Capital Management LP, BlackRock, Inc., and Vista Equity Partners Management, LLC. The company issued convertible preferred stock in the transaction.
The transaction is raised at a post-money valuation of $11,000 million.
BlackRock, Inc. is an investment management company. The Company provides a range of investment management and technology and subscription services to institutional and retail clients. Its diverse platforms of alpha-seeking active, private markets, index and cash management investment strategies across asset classes enable it to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds, separate accounts, collective investment funds and other pooled investment vehicles. It also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.
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Investor
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Global
Global
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Quality
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ESG MSCI
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