SambaNova System’s $676 Million Series D Financing

Latham & Watkins LLP represented SoftBank Vision Fund 2 in the transaction.

SambaNova Systems, the company building advanced software, hardware and services to run AI applications, has announced a US$676 million Series D funding round led by SoftBank Vision Fund 2. The round includes additional new investors Temasek and GIC, plus existing backers including funds and accounts managed by BlackRock, Intel Capital, GV (formerly Google Ventures), Walden International and WRVI.

Founded in November 2017 in Palo Alto, California by industry luminaries, hardware and software design experts, world-class innovators from Sun/Oracle, and Stanford University. This Series D brings SambaNova’s total funding to more than $1 billion and rockets its valuation to more than $5 billion.

Latham & Watkins LLP represented SoftBank Vision Fund 2 in the transaction with an emerging companies team led by Bay Area partners Ben Potter (Picture) and Saad Khanani, with Bay Area associates Chris Pham and Adam Zuckerman. Advice was also provided on antitrust matters by Washington, D.C. counsel Patrick English; on healthcare regulatory matters by Los Angeles counsel Jennifer Yoo, with Houston associate Felicia Alexander; on data and technology matters by Bay Area counsel Arielle Singh; and on data privacy matters by Bay Area counsel Heather Deixler.

Involved fees earner: Felicia Alexander – Latham & Watkins; Heather Deixler – Latham & Watkins; Patrick English – Latham & Watkins; Saad Khanani – Latham & Watkins; Christopher Pham – Latham & Watkins; Benjamin Potter – Latham & Watkins; Arielle Singh – Latham & Watkins; Jennifer Yoo – Latham & Watkins; Adam Zuckerman – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: SoftBank Vision Fund II;

Martina Bellini

Author: Martina Bellini