Machine learning company SambaNova Systems said this week it has raised $56 million in Series A funding as it works on the next generation of AI computing.
The company, started last year by Stanford University professors Kunle Olukotun and Chris Ré, and headed up by CEO Rodrigo Liang, formerly of Oracle, the company has quickly become a rising star in artificial intelligence.
Ré won a MacArthur genius grant in 2015.
SambaNova says its underlying technology is “largely based on DARPA-funded research from the two professors on efficient processing for artificial intelligence.”
The latest funding round was led by Walden International and GV, with participation from Redline Capital and Atlantic Bridge Ventures. Walden Chairman Lip-Bu Tan becomes chairman of the board at SambaNova and GV general partner Dave Munichiello joins the SambaNova board.
TechCrunch reported that the company is working on the type of AI typically used in image and speech recognition applications.