SiFive raises $61 million for RISC-V

SiFive, a start-up specializing in RISC-V processor IP and silicon solutions,  raised $61 million in a Series E round.

SiFive, which is based in San Mateo, California, develops a range of processor cores, accelerators, and SoC IP to create domain-specific architecture that will enable efficient, high-performance computing solutions. Recently, SiFive announced the SiFive 20G1 update for SiFive Core IP, enabling significant enhancements for performance, power, area, and features, with pre-integrated SiFive Shield, for whole SoC security, and SiFive Insight advanced trace and debug capabilities.

The latest funding round was led by SK hynix, joined by new investor Prosperity7 Ventures, with additional funding from existing investors, Sutter Hill Ventures, Western Digital Capital, Qualcomm Ventures LLC, Intel Capital, Osage University Partners, and Spark Capital.

“Global demand for storage and memory in the data center is increasing as AI-powered business intelligence and data processing growth continues”, said Youjong Kang, VP of Growth Strategy, SK hynix. “SiFive is well-positioned to grow with opportunities created from data center, enterprise, storage and networking requirements for workload-focused processor IP.”

http://www.sifive.com