Rivos, a start-up based in Santa Clara, California, raised more than $250M in its oversubscribed Series A-3 funding round for its RISC-V accelerated platform targeting data analytics and Generative AI.
Matrix Capital Management, the largest investor in this round, was joined by new investors including Intel Capital, MediaTek, Cambium Capital, CIDC, Capital TEN, and Hotung Venture Group, as well as existing investors Walden Catalyst, Dell Technologies Capital, Koch Disruptive Technologies, and VentureTech Alliance.
Rivos is working on power optimized chips combining high performance server-class RISC-V CPUs and a Data Parallel Accelerator (a GPGPU optimized for large language models (LLMs) and data analytics).
The funding will enable the company to tape out its first silicon product.
"Expanding the application of data analytics and large language models to encompass not just traditional data types such as text, images, and video, but also genomic and medical data, unlocks unprecedented opportunities for innovation in research and treatment," remarked David Goel, Managing General Partner of Matrix Capital Management. "The Rivos team has adeptly integrated the groundbreaking new RISC-V architecture with an inventive accelerator, effectively bringing this vision to life. Their prototype chip serves as a compelling demonstration of their unique capability to leverage the advanced TSMC 3nm process node - a feat few startups have managed to achieve. We eagerly anticipate furthering our support for the company's move into new realms of achievement, marking each milestone with shared enthusiasm and commitment to excellence."
