Vista Equity Partners and Intel to lead investment in AI chip startup SambaNova: Report

Private equity firm ⁠Vista Equity Partners is leading a new funding round of over $350 million in artificial intelligence chip startup SambaNova Systems, marking a rare departure from its traditional focus on enterprise software, according to people familiar with the matter.

Vista, through a partnership with early-stage venture capital firm Cambium Capital, is investing in ‌the Series E round for ‌the chipmaker, three sources told Reuters. Other investors in the oversubscribed round include existing backer Intel Corp, which currently plans to invest about $100 million, with potential commitments of up ‌to $150 million, two of the sources said.