Artificial intelligence chip startup SambaNova has taken on $56 million in Series A funding from of investors led by Google's venture capital arm and Walden International.
SambaNova (Palo Alto, Calif.), founded last year by a pair of Stanford University professors and the former head of processor development at Oracle and Sun Microsystems, is based largely on DARPA-funded research by the two professors on efficient AI processing.
Kunle Olukotun, a SambaNova co-founder and the company's chief technology officer, said in a press statement that the company's innovations in machine-learning algorithms and software-defined hardware would dramatically improve the performance and capability of intelligent applications.
"The flexibility of the SambaNova technology will enable us to build a unified platform providing tremendous benefits for business intelligence, machine learning and data analytics,” said Olukotun, a pioneer in multi-core processing and a recent winner of the IEEE Computer Society’s Harry H. Goode Memorial Award.
Chris Ré, SambaNova's other Stanford processor co-founder is known for his work in database theory and has been recognized with several awards, including a MacArthur Genius Award. Joint work by Kunle and Chris on converged analytics has also recently won several awards, according to SambaNova.
The third co-founder is Rodrigo Liang, former vice president of processor development at Oracle, who serves as SambaNova's CEO. "We have exposed our technology to some of the world’s largest companies across different industries and we are excited about the broad applicability of our technology from enterprise to the edge," Liang said.
In addition to Walden International and GV (formerly known as Google Ventures), venture capital firms Redline Capital and Atlantic Bridge Ventures also invested in SambaNova's Series A funding round.
SambaNova becomes the latest in a group of startups to receive funding in the red-hot AI chip space. The group also includes Silicon Valley startups Cerebras Systems and Wave Computing, UK-based Graphcore, and others.
As part of the funding arrangement, semiconductor industry veteran Lip-Bu Tan, the chairman of Walden International and the CEO of EDA vendor Cadence Design Systems, has taken the role of chairman of SambaNova.
"SambaNova has gathered a dream team of Stanford professors, PhDs and industry veterans who profoundly understand how to cooperatively optimize AI applications, machine learning algorithms, systems software, hardware architecture and silicon implementation to create a new platform for intelligent applications with exceptional capabilities," Tan said in a statement.
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