Founded in 2006, Sambanova Systems is an innovative company that focuses on the design and construction of mobile and portable applications for the healthcare industry. Its flagship product is the 676M Series, which offers users an integrated and easy-to-use interface for health data management, tracking and analysis. The company recently closed a Series D funding round with SoftBank 5B and Wiggers Ventures. The team behind Sambanova has over a decade of experience building and deploying large-scale systems for healthcare providers and insurance companies.
Founders
Founded in 2017, SambaNova Systems is a Palo Alto-based AI startup that produces hardware and software platforms for artificial intelligence. In addition to its machine learning services, the company also creates custom chips that are better attuned to deep learning processes.
The company has been successful in raising more than $1 billion in funding, including a $676 million Series D round led by SoftBank Group Corp. The round also included existing investors, such as SoftBank’s Vision Fund 2 and Intel Capital, and new ones, such as Temasek and GIC.
The SambaNova Systems’ DataScale hardware platform uses seven-nanometer chips, which enable it to offer a reconfigurable “dataflow” architecture that enables applications to drive optimized hardware configurations. It also charges per-usage fees, which allows users to focus on their business objectives. It is also designed to jumpstart enterprise-level AI initiatives.
The company has launched a cloud-based service called Dataflow-as-a-Service that allows enterprises to tap into SambaNova’s AI system without having to worry about maintaining it. The service, which was invented by SambaNova CEO Rodrigo Liang, installs a system on a customer’s site, and users can choose to pay a monthly subscription or a fixed monthly fee.
Series D funding round
Founded in 2017, SambaNova is a startup based in Palo Alto, California. The company is focused on artificial intelligence and semiconductors. SambaNova aims to provide enterprise-level AI solutions to new industries. The company’s hardware and software platforms are integrated, and it uses a reconfigurable “dataflow” architecture to drive optimized hardware configurations. The company plans to invest in product development and hire for product roles.
SambaNova’s flagship offering is Dataflow-as-a-Service. It is a subscription-based AI services platform, and it’s designed to enhance organizations’ AI capabilities. The system allows enterprises to tap into SambaNova’s AI system without having to maintain it. The company also has its own chip architecture, which it says is more suitable for deep learning processes. The company aims to make its algorithms more efficient across applications. It’s also a way for enterprises to jumpstart their AI initiatives, as opposed to building out a complex, proprietary system.
Future plans
Founded by former Oracle executive Rodrigo Liang, SambaNova Systems offers custom AI chips and systems to run data-intensive applications from the data center. The company has already raised more than $1 billion in venture capital and is looking to continue growing its business.
SambaNova is currently focused on two key areas of large enterprise: computer vision and natural language processing. The startup has more than 300 employees, and has more than a billion dollars in funding. It is also backed by investors such as SoftBank, BlackRock, GV (formerly Google Ventures), and Temasek.
Conclusion
SambaNova Systems has launched its DataFlow-as-a-Service offering, which will let businesses tap into its AI system. The company is betting that enterprises will need to use fast acceleration for their workloads. The startup plans to offer two cloud-like service options. The first will focus on applications, while the second will be built around a software-based platform that will be able to handle both application and database workloads.