July 08, 2026
SambaNova Raises $1B at $11B Valuation
AI chip maker SambaNova has secured a massive $1 billion in Series F funding, achieving an $11 billion valuation. This comes just five months after its last major funding round, highlighting the intense investor interest in AI hardware. The funding underscores the competitive landscape in AI chip development, where SambaNova is positioning itself as a leader against giants like Intel. This round could accelerate SambaNova's product development and market expansion.
New Funding Rounds
New Product Launches
Industry Moves
Kevin Weil, former OpenAI executive, has joined the board of Stoke Space, signaling a shift in focus towards reusable rocket technology in Silicon Valley. This move could indicate a growing interest in space tech among AI veterans.
Policy & Regulation
The Supreme Court has allowed Texas to enforce its app store age verification law, which tech companies argue is a form of censorship. This decision could have significant implications for app store operations and user privacy.