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AI chip maker SambaNova raises $676 million, valued at over $5 billion By Jane Lanhee Lee Reuters (Reuters) - SambaNova Systems, a Silicon Valley startup that makes semiconductors for artificial intelligence related computation work, said on Tuesday it raised $676 million in a funding round led by SoftBank Group Corp s Vision Fund 2. The latest injection took SambaNova’s total funding to more than $1 billion, valuing the company at more than $5 billion, it said. The funding round is the third biggest venture capital deal in chips the last two decades, according to data firm PitchBook. While Silicon Valley has focused its fire power on software, social media, and internet investments over the past decade, there has been a shift in recent years to back more challenging technology, including semiconductors. PitchBook’s data shows global venture capitalists invested $7.4 billion in 2020, a 20-year record.

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