Funding round
SiFive Series D
SiFive, which works in RISC-V processor core IP licensing in Santa Clara, raised $65M in a Series D round announced on 6 Jun 2019. 6 firms took part, 5 of them already investors. It is SiFive's third venture round on record; the one before was a Series C in Apr 2018.
$65M
Amount raised
Not disclosed
Post-money valuation
6
Investors
no lead named
Valuation
What this round says about the price
SiFive did not disclose a valuation in this round. It came 14 months after SiFive's Series C. It is 8.6% of the $761M SiFive has raised in the venture rounds on record. SiFive raised again 14 months later: a Series E round of $61M in Aug 2020. 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 2 Apr 2018, led by Sutter Hill Ventures, Spark Capital and Osage University Partners $51M
- Series D this round 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
6 firms took part; no lead investor was named.
Investors
- backs 39 venture-backed companies existing investor
- Chengwei Capital existing investor
- Spark Capital backs 234 venture-backed companies existing investor
- Osage University Partners existing investor
- Huami existing investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 20 Nov 2019 | $109M | not disclosed | Koch Disruptive Technologies |
| Electronical Components Manufacturing | 25 Feb 2020 | $150M | $1.95B | Mayfair Equity Partners |
| Electronical Components Manufacturing | 6 Jun 2018 | $10M | not disclosed | private investor and unnamed private investor |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did SiFive raise in its Series D round?
SiFive raised $65M in its Series D round, announced in Jun 2019.
Which investors took part in SiFive's Series D round?
Sutter Hill Ventures, Chengwei Capital, Spark Capital, Osage University Partners, Huami and Qualcomm Ventures.
What was SiFive's valuation at the Series D round?
It was not disclosed.
Did SiFive raise again after this round?
Yes: a Series E round in Aug 2020 of $61M.