Nvidia-backed SiFive hits $3.65 billion valuation for open AI chips
SiFive secures $400 million funding, reaching $3.65 billion valuation.
SiFive, a startup known for its open-source chip designs, has raised $400 million in an oversubscribed funding round, elevating its valuation to $3.65 billion. This funding, led by Atreides Management and supported by Nvidia and other prominent investors, marks a significant shift for SiFive as it transitions from smaller embedded systems to CPUs designed for AI data centers, leveraging Nvidia's ecosystem.
Key Takeaways
- 1.
SiFive raised $400 million in an oversubscribed funding round.
- 2.
The company is now valued at $3.65 billion, up from $2.33 billion in March 2022.
- 3.
Nvidia participated in this funding round, signaling strong industry support.
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