How Much Did SiFive Raise? Funding & Key Investors

SiFive has successfully raised significant funding across multiple rounds, with notable investors including Intel Capital and Ibex Investors. The company specializes in open-source semiconductor technology and software automation, driving innovation in the RISC-V ecosystem.

Keep reading to explore the intricacies of SiFive's fundraising journey and the investors backing this pioneering platform.

What Is SiFive?

Founded in September 2015, SiFive is headquartered in San Mateo, California. The company was established by Andrew Waterman, Krste Asanovic, and Yunsup Lee.

SiFive specializes in open-source semiconductor technology and software automation, designing chips for various applications including microcontrollers, embedded systems, IoT, and wearables. They are at the forefront of the RISC-V revolution, providing efficient and cost-effective computing solutions.

With a workforce of 501-1000 employees, SiFive collaborates with global semiconductor manufacturers, automakers, data centers, and consumer device companies to accelerate innovation in the industry.

How Much Funding Has SiFive Raised?

1. Series A
   • Amount Raised: $5M
   • Date: September 2015
   • Lead Investors: Sutter Hill Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To establish the company and develop initial RISC-V products.
2. Series B
   • Amount Raised: $8.5M
   • Date: May 2017
   • Lead Investors: Spark Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand product development and market reach.
3. Series C
   • Amount Raised: $50.6M
   • Date: April 2018
   • Lead Investors: OUP (Osage University Partners), Spark Capital, Sutter Hill Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate RISC-V product development and expand the team.
4. Series D
   • Amount Raised: $65.4M
   • Date: June 2019
   • Lead Investors: Qualcomm Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance product offerings.
5. Series E
   • Amount Raised: $61M
   • Date: August 2020
   • Lead Investors: SK Hynix
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support growth and expand into new markets.
6. Series F
   • Amount Raised: $175M
   • Date: March 2022
   • Lead Investors: Coatue
   • Valuation at Round: $2.5B
   • Motivation Behind the Round: To accelerate product development and prepare for an IPO.

Total Amount Raised: $365.5M. Current Valuation: $2.5B.

Key Investors

• Coatue Management
  • Details: Coatue Management is a global technology investment firm that invests in companies at all stages, from venture to growth through public markets. They led the Series F funding round for SiFive.
  • Investment Focus Areas: Technology, media, telecommunications.
  • Notable Investments: ByteDance, DoorDash, Snap Inc.
• Intel Capital
  • Details: Intel Capital is the investment arm of Intel Corporation, focusing on technology startups and companies. They have been a recurring investor in SiFive and are involved in supporting the RISC-V ecosystem.
  • Investment Focus Areas: Technology startups, semiconductors, disruptive technologies.
  • Notable Investments: Cloudera, Red Hat, VMware.
• Sutter Hill Ventures
  • Details: Sutter Hill Ventures is a venture capital firm that invests in early-stage technology companies. They have been an existing investor in SiFive, participating in multiple funding rounds.
  • Investment Focus Areas: Early-stage technology companies.
  • Notable Investments: Pure Storage, Snowflake.
• SK Hynix
  • Details: SK Hynix is a South Korean memory semiconductor supplier and an existing investor in SiFive. They focus on advancing semiconductor technologies.
  • Investment Focus Areas: Memory, semiconductor technologies.
  • Notable Investments: Primarily invests in its own R&D and semiconductor technologies.
• Qualcomm Ventures
  • Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, focusing on innovative technology companies. They have been an existing investor in SiFive.
  • Investment Focus Areas: Mobile, wireless technologies, semiconductors.
  • Notable Investments: Zoom, Waze, Fitbit.

What's Next for SiFive?

SiFive stands at the cusp of significant opportunities, driven by the growing interest in RISC-V technology. With a valuation of $2.5 billion and substantial backing from industry giants like Intel, the company is poised to expand its market reach. The partnership with Intel to develop the P550 chip core design and the potential to attract institutional investors set the stage for an IPO within the next 12-18 months.

Future fundraising efforts are likely to be bolstered by the increasing demand for open standard ISAs and the company's ambitious goal to launch new processor cores at a rapid pace. However, SiFive will need to navigate challenges such as competing with established players like ARM and ensuring the scalability of its RISC-V designs. The transition to a publicly traded company will also bring regulatory and market pressures that SiFive must manage effectively.

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