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SiFive Secures $61M in Series E Round of Financing
By Embedded Advisor | Monday, August 17, 2020
The provider of commercial RISC-V processor IP and silicon solutions successfully close Series E round of funding
FREMONT, CA: SiFive, a globally renowned provider of commercial RISC-V processor IP and silicon solutions raises $61 million from its Series E round of financing led by SK Hynix, along with new investor Prosperity7 Ventures, with additional financing from existing investors, Sutter Hill Ventures, Western Digital Capital, Osage University Partners, Qualcomm Ventures, Intel Capital, and Spark Capital.
“Global demand for storage and memory in the data center is increasing as AI-powered business intelligence and data processing growth continues,” said Youjong Kang, VP of Growth Strategy, SK Hynix. “SiFive is well-positioned to grow with opportunities created from data center, enterprise, storage and networking requirements for workload-focused processor IP.”
The company, SiFive develops an array of processor cores, accelerators, and SoC IP to generate domain-specific architecture that will provide efficient, high-performance computing solutions. SiFive designs with focus on developing processor microarchitecture, SoC IP, and accelerator IP for use in workload-specific silicon. With the latest investment, SiFive will assist leading semiconductor companies present to market new products for aerospace, automotive, artificial intelligence, data center, mobile, networking, and storage applications.
SiFive’s product portfolio of RISC-V-based microarchitectures is ideal for replacing and augmenting legacy, general-purpose proprietary architectures in workload-focused designs. Recently, SiFive announced the launch of the SiFive 20G1 update for SiFive Core IP, availing significant enhancements for performance, power, area, and features, with pre-integrated SiFive Shield, for complete SoC security, and SiFive Insight advanced trace and debug capabilities.
“SiFive is well-positioned to capture the opportunity enabled by workload focused products,” said Aysar Tayeb, Executive Managing Director at Prosperity7 Ventures. “We’re pleased to be part of the global shift to workload-focused designs, and believe SiFive’s domain-specific architecture IP will fuel innovation and solutions for computing challenges we see today.”
Domain-specific architecture designs are extensively enabled by SiFive Custom Instruction Extensions (SCIE), allowing the inclusion of workload-focused IP via hardware and software optimization. SiFive heterogeneous architecture enables the integration of mixed processor core designs in a coherent cluster for scale-out problems, leveraging SCIE to accelerate workload processing efficiently.
“We are very pleased by the new and renewed investment in the SiFive vision and mission,” said Dr. Naveed Sherwani, Chairman, President, and CEO of SiFive. “SiFive’s winning product portfolio will continue to expand and be adopted for solutions that require domain-specific architectures.”
