- SiFive is a leading commercial RISC-V processor IP and silicon solutions provider that helps SoC designers reduce time-to-market and find cost savings
- Recently SiFive raised $65.4 million in Series D funding
SiFive is a leading provider of commercial RISC-V processor IP and silicon solutions. And SiFive is considered the leading provider of market-ready processor core IP and silicon solutions based on the free and open RISC-V instruction set architecture. And SiFive is led by a team of seasoned silicon executives and the inventors of RISC-V.
What does SiFive do? SiFive helps SoC designers reduce time-to-market and realize cost savings with customized, open-architecture processor cores, and democratizes access to optimized silicon by enabling system designers in all market verticals to build customized RISC-V based semiconductors.
Recently, SiFive raised $65.4 million in Series D funding led by existing investors Sutter Hill Ventures, Chengwei Capital, Spark Capital, Osage University Partners, Huami, and new investor Qualcomm Ventures LLC. Including the Series D round, SiFive has raised more than $125 million.
“We are honored and privileged to have the backing, expertise, and experience of our investors and our board,” said SiFive CEO and president 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.”
This round of funding will further enable and accelerate SiFive’s global expansion and technology development. And in the past 18 months, SiFive grew from less than 40 employees in a single office to more than 400 employees across 15 offices around the world.
“SiFive continues to drive rapid RISC-V growth, development, and adoption,” added Sutter Hill Ventures managing director and SiFive board member Stefan Dyckerhoff. “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.”
SiFive is now positioned to take advantage of the need for custom silicon as device manufacturers are rapidly adopting domain-specific application processor designs in response to the point of compute migrating to the Edge. And both customers and investors are seeking SiFive’s portfolio of solutions, strategic partnerships, and its cloud platform.
“Qualcomm Ventures invests in innovative technology companies that have the potential to transform industries.” explained Qualcomm Technologies SVP and Qualcomm Ventures head Quinn Li. “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.”