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…

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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).