Woofun AI reports that SambaNova has finalized a $1 billion Series F funding round, elevating its post-money valuation to $11 billion. General Atlantic led the investment, with participation from Seligman Ventures, T. Rowe Price, and Capital Group.

The company confirmed that JPMorgan Chase has selected its RDU chip system for secure on-premises AI inference. The RDU is an in-house dataflow processing chip designed for enterprise deployment, ensuring sensitive data remains within internal networks. Proceeds will fund production scaling, product development, and expansion into enterprise, cloud, and sovereign AI markets.