SiFive Announces New Funding Haul

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San Mateo, California based startups SiFive, Inc., which provides commercial RISC-V processor IP and silicon solutions, announced it raised $65.4 million in Series D funding, bringing its total investment to date to $125 million.

The funding, which will help the company build out its global footprint and continue investing in technology development, was raised by Sutter Hill Ventues, Oasage University Partners, Huami, Spark Capital, Chengwei Capital, and new investor Qualcomm Ventures, LLC.

“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, in a statement. “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.”

“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, the newest investor in SiFive. “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.”

“We are honored and privileged to have the backing, expertise, and experience of our investors and our board,” said SiFive president and CEO Naveed Sherwani. “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.”

SiFive has seen significant growth in the last 18 months, adding more than 300 new employees across its 15 international locations, including San Mateo, California, Austin, Texas, Bangalore, India and Seoul, Korea.