(Reuters) - Artificial intelligence computing firm SambaNova Systems said on Tuesday it has raised $250 million in a funding round led by BlackRock Inc to expand its customer base, reflecting investors’ appetite for the market.
Investors in the Series C funding round included the venture capital arms of both Intel Corp and Alphabet Inc, Walden International, WRVI Capital and Redline Capital.
The Palo Alto, California-based company, which was launched in 2017, said it is building an advanced systems platform to run AI and data-intensive applications.
Reporting by Sanjana Shivdas in Bengaluru; Editing by Sherry Jacob-Phillips
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