SiFive, a US-based fabless provider of customised semiconductors based on research at University of California, Berkeley, revealed Intel Capital, the corporate venturing arm of chipmaker Intel, participated in its $50.6m series C round.

The round, closed a month ago, was co-led by spinout-focused investment firm Osage University Partners, Sutter Hill Ventures and Spark Capital. It also featured SK Telecom, part of conglomerate SK Group, wearable device producer Huami and computer storage vendor Western Digital.

Founded in 2015, SiFive produces…