Funding round
SiFive Series B
SiFive, which works in RISC-V processor core IP licensing in Santa Clara, raised $8.5M in a Series B round announced on 8 May 2017, led by Spark Capital. 3 firms took part, 1 of them already investors. It is SiFive's first venture round on record.
$8.5M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
SiFive did not disclose a valuation in this round. It is SiFive's first venture round on record, 2 years after it was founded in 2015. It is 1.1% of the $761M SiFive has raised in the venture rounds on record. SiFive raised again 11 months later: a Series C round of $51M in Apr 2018. Its next priced round, a Series F in Mar 2022, valued it at $2.50B.
SiFive's funding rounds
SiFive has 6 venture rounds on record. This one is highlighted.
- Series B this round 8 May 2017, led by Spark Capital $8.5M
- Series C 2 Apr 2018, led by Sutter Hill Ventures, Spark Capital and Osage University Partners $51M
- Series D 6 Jun 2019 $65M
- Series E 11 Aug 2020, led by SK hynix $61M
- Series F 16 Mar 2022, led by Coatue $175M$2.50B post-money
- Series G 9 Apr 2026, led by Atreides Management $400M$3.65B post-money
Investors
Who put money in
Spark Capital led the round with 2 other firms. Sutter Hill Ventures had backed SiFive before.
Lead investor
- Spark Capital backs 234 venture-backed companies new investor
Also in the round
- Osage University Partners new investor
- backs 39 venture-backed companies existing investor
Joined the board: Todd Dagres (Spark Capital).
Comparable rounds
How it compares
17 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $15M, and this round was 56% of the median. The closest in time, other companies' Series B rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 15 Jun 2017 | $26M | $341M | not named |
| Electronical Components Manufacturing | 24 Apr 2017 | $18M | not disclosed | not named |
| Electronical Components Manufacturing | 21 Apr 2017 | $14M | not disclosed | not named |
| Electronical Components Manufacturing | 2 Jun 2017 | $1.0M | not disclosed | not named |
| Electronical Components Manufacturing | 20 Jul 2017 | $30M | not disclosed | Atomico |
| Electronical Components Manufacturing | 5 Jul 2017 | $14M | not disclosed | not named |
| Electronical Components Manufacturing | 1 Mar 2017 | $6.1M | not disclosed | Atlantic Bridge |
| Electronical Components Manufacturing | 6 Dec 2016 | $12M | not disclosed | Investinor |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did SiFive raise in its Series B round?
SiFive raised $8.5M in its Series B round, announced in May 2017.
Who led SiFive's Series B round?
Spark Capital led it, with Osage University Partners and Sutter Hill Ventures.
What was SiFive's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Electronical Components Manufacturing?
17 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $15M, and this round was 56% of the median.
Did SiFive raise again after this round?
Yes: a Series C round in Apr 2018 of $51M.