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…

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