Funding round
SiFive Series C
SiFive, which works in RISC-V processor core IP licensing in Santa Clara, raised $51M in a Series C round announced on 2 Apr 2018, led by Sutter Hill Ventures, Spark Capital and Osage University Partners. 7 firms took part, 3 of them already investors. It is SiFive's second venture round on record; the one before was a Series B in May 2017.
$51M
Amount raised
Not disclosed
Post-money valuation
7
Investors
3 leads
Valuation
What this round says about the price
SiFive did not disclose a valuation in this round. It came 11 months after SiFive's Series B. It is 6.7% of the $761M SiFive has raised in the venture rounds on record. SiFive raised again 14 months later: a Series D round of $65M in Jun 2019. 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 8 May 2017, led by Spark Capital $8.5M
- Series C this round 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
Sutter Hill Ventures, Spark Capital and Osage University Partners led the round with 4 other firms. Sutter Hill Ventures, Spark Capital and Osage University Partners had backed SiFive before.
Lead investors
- backs 39 venture-backed companies existing investor
- Spark Capital backs 234 venture-backed companies existing investor
- Osage University Partners existing investor
Also in the round
- Chengwei Capital new investor
- Huami new investor
- SK Telecom new investor
- Western Digital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
6 Series C rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $41M, and this round was 1.2 times the median. The closest in time, other companies' Series C rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 6 Mar 2018 | $61M | not disclosed | Energy Impact Partners |
| Electronical Components Manufacturing | 29 Jan 2018 | $36M | not disclosed | not named |
| Electronical Components Manufacturing | 13 Dec 2017 | $45M | not disclosed | not named |
| Electronical Components Manufacturing | 16 Nov 2017 | $50M | not disclosed | Sequoia Capital |
| Electronical Components Manufacturing | 1 Aug 2017 | $15M | not disclosed | VMS |
| Electronical Components Manufacturing | 25 Jul 2017 | $25M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did SiFive raise in its Series C round?
SiFive raised $51M in its Series C round, announced in Apr 2018.
Who led SiFive's Series C round?
Sutter Hill Ventures, Spark Capital and Osage University Partners led it, with Chengwei Capital, Huami, SK Telecom and Western Digital.
What was SiFive's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Electronical Components Manufacturing?
6 Series C rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $41M, and this round was 1.2 times the median.
Did SiFive raise again after this round?
Yes: a Series D round in Jun 2019 of $65M.