Nvidia-backed SiFive hits $3.65 billion valuation for open AI chips
TechCrunch·2h ago·Positivity
What Happened
SiFive, founded in 2015 by UC Berkeley engineers, secured $400 million in funding valuing the company at $3.65 billion. Nvidia participated alongside Atreides Management, Apollo Global Management, and others. SiFive designs open-source RISC-V chips, an alternative to Intel x86 and ARM processors. The company licenses chip designs rather than manufacturing directly. SiFive plans to expand into AI data center CPUs compatible with Nvidia's software.
Key Entities
SiFiveNvidiaRISC-VAtreides ManagementUC BerkeleyApollo Global ManagementARMIntel