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 not be confirmed.
Founded in 2015, SiFive produces purpose-built semiconductors using the Risc-V instruction set architecture, its version of the mechanism responsible for outputting computer processing instructions.
It has clients in sectors such as automotive, augmented and virtual reality, and edge computing. The money will allow SiFive to accelerate the development of its products, roadmap and ecosystem.
Patrick Little, chief executive and chairman of SiFive, commented: “The market has spoken…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
