SiFive Raises $50.6M in Series C Funding

SiFive, a San Francisco, CA-based provider of commercial RISC-V processor IP, raised $50.6m in Series C funding.

The round, which brings total funding to $64.1m, was led by existing investors Sutter Hill Ventures, Spark Capital and Osage University Partners alongside new investor Chengwei Capital, and strategic investors including Huami, SK Telecom and Western Digital and other companies.

Intel Capital participated, as well.

Led by Naveed Sherwani, CEO, SiFive provides processor core IP based on the RISC-V instruction set architecture.

The company intends to use the funds to bring its technologies to the marketplace.




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