Loading...
News Article

SiFive Secures $65.4 Million In Series D Funding

News

SiFive, provider of commercial RISC-V processor IP and silicon solutions, has announced it raised $65.4 million in a Series D round led by existing investors Sutter Hill Ventures, Chengwei Capital, Spark Capital, Osage University Partners and Huami, alongside new investor Qualcomm Ventures LLC. This Series D round brings the total investment to date in SiFive to more than $125 million.

"SiFive continues to drive rapid RISC-V growth, development and adoption," said Stefan Dyckerhoff, managing director at Sutter Hill Ventures and member of the SiFive board of directors. "We are seeing significant traction across numerous markets and verticals, as evidenced by SiFive's 101 design wins. SiFive's expertise in RISC-V Core IP, complete silicon solutions and a native cloud environment is a key differentiator. Sutter Hill Ventures continues to strongly believe in – and invest in – SiFive's vision to democratize access to custom silicon."

This latest round of investment will further enable and accelerate SiFive's global expansion and technology development. In the past 18 months, SiFive has grown from fewer than 40 employees in a single office to more than 400 employees across 15 locations globally. SiFive now has offices in Beaverton, Ore.; San Mateo and Milpitas, Calif.; Austin, Texas; Boston; Bangalore and Pune, India; Shanghai; Seoul, Korea and Hsinchu, Taiwan.

"Qualcomm Ventures invests in innovative technology companies that have the potential to transform industries." said Quinn Li, senior vice president, Qualcomm Technologies Inc. and global head of Qualcomm Ventures. "SiFive has established itself as a leader in the RISC-V space making significant contributions to the broader semiconductor industry through its unique design methodology. We are excited to invest in SiFive to bring the potential of RISC-V to wireless and mobile."

SiFive is uniquely positioned to take advantage of the need for custom silicon as device manufacturers rapidly adopt domain-specific application processor designs in response to the point of compute migrating to the Edge. Both customers and investors seek SiFive's compelling portfolio of solutions, strategic partnerships, and its cloud platform.

"We are honored and privileged to have the backing, expertise, and experience of our investors and our board," said Naveed Sherwani, president and CEO of SiFive. "Hypergrowth and industry disruption cannot happen without bold commitment. We are proud to count on our incredible investors and champions as a key part of how we grow in select markets and verticals, access platforms and technologies, find talent, and partner with giants in order to realize our vision."

Fujifilm to invest 4 billion yen in Belgium
CEA-Leti announces FAMES Pilot Line in Nature Reviews Electrical Engineering
Photonic Integrated Circuit market to surpass $50B by 2035
McLaren Racing announces Greene Tweed as an Official Partner
Infineon outperforms expectations
North American semiconductor industry 'unites'
TotalEnergies to supply 1.5 TWh to STMicroelectronics
Extended reality class prepares students for semiconductor industry
Worldwide semiconductor revenue grew 18% in 2024
Keysight and The University of Malaga open 6G Research and Innovation Laboratory
Memorandum of Understanding to develop AI acceleration technologies
UB researchers mix silicon with 2D materials for new semiconductor tech
camLine acquires software provider iCADA
MintNeuro wins three UK Government ARIA Awards
Probe card market to grow by $1.73 billion
Ceva, Inc. appoints Amir Faintuch to its board of directors
Nova doubles chemical metrology production capacity
Semiconductor market to grow by $157.1 billion
Accelerating production of next-generation DRAM
Charters aim to reduce transit time
Indian first for KASFAB Tools
CIH competes in Paris Space Week
Accuron Technologies acquires majority stake in Trymax Semiconductor
MTR Carbon Capture to provide a Capture Plant to TSMC
Kurrle signs Corridor agreement
Rapidus begins installation of Japan’s first NXE:3800E EUV lithography machinery
ASML reports €28.3 billion total net sales and €7.6 billion net income in 2024
ICs for EVs
Baya Systems welcomes Manish Muthal and Siva Yerramilli to Board of Directors
PCIM heads to India
SiMa.ai begins sampling of MLSoC Modalix
Si2 OpenAccess Coalition reelects officers for 2025
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
x
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: