UC Berkeley spinout SiFive has fetched a $2.5bn valuation in a series F round that pushed its overall financing to more than $350m.
SiFive, a US-based custom semiconductor technology spinout of University of California (UC), Berkeley, received $175m in a series F round led by Coatue Management yesterday that valued the business at $2.5bn.
In its official press release, SiFive noted that Coatue had joined existing shareholders but the wording made it unclear which of these participated in the series F round. A report by Reuters claimed Intel Capital, the investment arm of chipmaker Intel, and Sutter Hill had reinvested, but this could…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
