SiFive secures $400 million in funding to further develop its RISC-V data center AI chip.

CoinFeed reported on April 9th ​​that, according to Bloomberg, RISC-V chip startup SiFive has completed a $400 million funding round, led by Atreides Management, with participation from Nvidia, Apollo Global Management, and Point72, valuing the company at $3.65 billion. SiFive plans to use the funds to develop new products for AI data centers and accelerate the development of its related software ecosystem. The company aims to provide large data center operators (hyperscalers) with rapidly customizable CPU solutions based on the RISC-V open-source instruction set, offering an alternative to the widely adopted Nvidia AI accelerators and Arm architecture server chips.