SiFive Secures 400 Million Dollars for Chip Development

SiFive raised 400 million dollars to develop data center chips at a 3.65 billion dollar valuation. The firm expects this to be its final round before an IPO.

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Silicon Valley startup SiFive has successfully raised $400 million in its latest funding round, drawing investment from Atreides Management and NVIDIA CORP. The capital injection brings the firm's valuation to $3.65 billion as it prepares to challenge established players in the data-center central processor market.

Semiconductor chips are shown on a circuit board in this illustration from February 2023. REUTERS/Florence Lo/Illustration/File Photo
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