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Semiconductor Industry Company Secures $50.6 Million in Series C

Semiconductor Industry Company Secures $50.6 Million in Series C
Credit: sifive.com

SiFive, a leading provider of commercial RISC-V processor IP, raised $50.6 million in a Series C round led by existing investors Sutter Hill Ventures, Spark Capital, and Osage University Partners, new investor Chengwei Capital, and strategic investors Huami, SK Telecom, and Western Digital.

SiFive’s mission is to globally democratize access to custom silicon through its IPs and platforms. According to the company, its HiFive1 and HiFive Unleashed software development boards have been deployed in more than 50 countries. It has engaged with multiple customers across its IP and SoC products, shipped the industry’s first RISC-V SoC in 2016, and dispatched the industry’s first RISC-V IP with Linux support.