SiFive, Inc., a San Mateo, CA-based provider of commercial RISC-V processor IP and silicon solutions, raised $65.4m in Series D funding.
The round, which brought total funding to date to more than $125m, was led by existing investors Sutter Hill Ventures, Chengwei Capital, Spark Capital, Osage University Partners and Huami, alongside new investor Qualcomm Ventures.
The company intends to use the funds to accelerate global expansion and technology development.
Led by Naveed Sherwani, president and CEO, SiFive is a provider of market-ready processor core IP and silicon solutions based on the free and open RISC-V instruction set architecture for SoC designers to reduce time-to-market and realize cost savings in building customized RISC-V based semiconductors.
The company has more than 400 employees across 15 locations in Beaverton, Ore.; San Mateo and Milpitas, Calif.; Austin, Texas; Boston; Bangalore and Pune, India; Shanghai; and Seoul and Hsinchu, Korea.