In a statement, SambaNova Systems, an artificial intelligence computing firm stated, it has raised $250 million in its latest funding round which was led by BlackRock Inc.

Investors at SambaNova’s Series C funding round included the venture capital arms of both Intel Corp and Alphabet Inc, Walden International, WRVI Capital and Redline Capital.

Palo Alto, California-based SambaNova said, it is building an advanced systems platform to run AI and data-intensive applications.