Pillsbury Advises SambaNova on $1 Billion Series F Financing

Based in San Jose, California, SambaNova is a leader in next-generation AI infrastructure, delivering a full-stack platform that powers efficient AI inference for enterprises, neo-clouds, AI labs, service providers and sovereign AI initiatives worldwide. 

General Atlantic led the financing, with significant participation from Seligman Ventures and T. Rowe Price Associates, Inc. The round also included investments from both new and existing backers, including A&E Investment, Assam Ventures, Battery Ventures, funds and accounts managed by BlackRock, Cambium Capital, Intel Capital, Kabila Capital, QFO Capital, Qatar Investment Authority (QIA), Vista Equity Partners and Volantis.

The new capital will support SambaNova’s continued growth by expanding capacity, advancing product innovation, and scaling deployments for enterprises, neo-clouds, sovereign AI customers, and service providers worldwide. The company also plans to deepen investment in its AI platform, spanning chips, systems, software and integrated infrastructure.

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The Pillsbury deal team was led by Corporate partner Allison Leopold Tilley and included senior counsel Lisa Higa, counsel Tara Shankar and associates Krisha Patel and Alyssa Jatnieks; International Trade partner Matthew Rabinowitz; Antitrust & Competition attorney Evan Storm; and Executive Compensation & Benefits partner Colleen Lamarre.