SiFive, a start-up specializing in RISC-V processor IP and silicon solutions, raised $175 million in a Series F financing round, valuing the company at over $2.5 billion.
SiFive, which is based in San Mateo, California, develops a range of processor cores, accelerators, and SoC IP to create domain-specific architecture that will enable efficient, high-performance computing solutions.
The Series F round was led by Coatue Management, a global technology investment firm. Coatue joins existing investors AMD (through Xilinx Ventures), Ibex Investors, Intel Capital, Osage University Partners, Prosperity7 ventures, Qualcomm Ventures, Samsung Ventures, SK hynix, Spark Capital, Sutter Hill Ventures, and Western Digital Capital.
“The market has spoken and made it abundantly clear that RISC-V computing will be competing for the heart of all future computing platforms. As the founder and market leader of RISC-V computing it’s our role to lead this ecosystem forward and offer customers advanced computing alternative to Arm and others,” said Patrick Little, CEO and Chairman, SiFive. “This valuation is a validation of our strategy, our incredible team, and our singular focus on building the leading portfolio of high-performance RISC-V compute products in the market. Our customers are signaling strong demand for SiFive to deliver the highest level of performance as quickly as possible.”
“We continue to be impressed by SiFive’s growth and challenge to proprietary legacy architecture IP providers,” said Jaimin Rangwalla, Senior Managing Director at Coatue Management. “SiFive’s accomplishments in high-performance RISC-V IP enables future computing platforms to be built on an open, industry-wide base, allowing technology companies to design differentiated products for their target markets. We are proud to partner with and support the team as they create an exciting future for the company.”
“Intel believes in enabling a multi-ISA strategy, including RISC-V as the open compute base for future platforms,” said Bob Brennan, VP & GM, Customer Solutions Engineering, Intel Foundry Services. “Our IFS investment in RISC-V includes partnering with RISC-V leader SiFive to build the Horse Creek developer platform that will be broadly available in late 2022, based on Intel 4 process technology.”
- To date, SiFive has raised over $350 million.
