SiFive, Inc., a San Mateo, Calif.-based provider of commercial RISC-V processor IP and silicon solutions, raised $61m in Series E funding.
The round was led by SK hynix, with participation from new investor Prosperity7 Ventures, and existing investors Sutter Hill Ventures, Western Digital Capital, Qualcomm Ventures LLC, Intel Capital, Osage University Partners, and Spark Capital.
The company intends to use the funds to continue to expand operations and its development efforts to bring to market new solutions.
Led by Dr. Naveed Sherwani, Chairman, President, and CEO, SiFive develops a range of processor cores, accelerators, and SoC IP to create domain-specific architecture that will enable efficient, high-performance computing solutions. The company innovates by developing processor microarchitecture, SoC IP, and accelerator IP for use in workload-specific silicon. This will help semiconductor companies bring to market new products for aerospace, automotive, artificial intelligence, data center, mobile, networking, and storage applications.