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March 18, 2022 04:57 pm GMT

(PR) SiFive Recieves $175 Million Series F Funding, Company Now Valued at $2.5 Billion

SiFive, Inc., the founder and leader of RISC-V computing, today announced it has raised $175 million in a Series F financing round, valuing the company at over $2.5 billion. The Series F round was led by Coatue Management, a global technology investment firm that invests in companies at all stages - from venture to growth through public markets. SiFive is substantially accelerating the development of the company's RISC-V products, future roadmap, and ecosystem to achieve the unlimited potential that RISC-V has for SiFive's customers and partners.

Founded six years ago by the inventors of RISC-V, SiFive introduced the world to the open standard ISA and transformed the future of compute. Today, RISC-V is firmly established as one of the major global compute platforms, with adoption all around the world, as evidenced by recent industry announcements including the Intel $1B innovation fund, featuring a goal of catalyzing the RISC-V ecosystem. SiFive has design wins with more than 100 customers including several of the world's largest hyperscale companies and 8 of the top 10 semiconductor companies, in applications ranging from automotive, AR/VR, client computing, data center, and intelligent edge.

Original Link: https://www.techpowerup.com/293050/sifive-recieves-usd-175-million-series-f-funding-company-now-valued-at-usd-2-5-billion

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