RISC-V startup raises $65.4 million in series D funding

June 11, 2019 //By Rich Pell
RISC-V startup raises $65.4 million in series D funding
RISC-V semiconductor IP company SiFive (San Francisco, CA) has announced that it has raised $65.4 million in a Series D funding round, which included new investor Qualcomm Ventures.

This latest round of investment, says the company, will further enable and accelerate its global expansion and technology development.

"SiFive continues to drive rapid RISC-V growth, development and adoption," says 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."

The company says it is 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. 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.

The company now has offices in Beaverton, OR; San Mateo and Milpitas, CA; Austin, TX; Boston, MA; Bangalore and Pune, India; Shanghai; Seoul, Korea and Hsinchu, Taiwan.

Quinn Li, senior vice president, Qualcomm Technologies Inc. and global head of Qualcomm Ventures adds, "Qualcomm Ventures invests in innovative technology companies that have the potential to transform industries. 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."

The latest funding round was led by existing investors Sutter Hill Ventures, Chengwei Capital, Spark Capital, Osage University Partners and Huami, along with Qualcomm Ventures LLC. This brings the total investment to date in SiFive to more than $125 million.

SiFive

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