About SiFive
SiFive is a company based in San Mateo (United States) founded in 2015 by Andrew Waterman, Yunsup Lee, and Krste Asanovic. It operates as a API-as-a-Product, and Licensing Model. SiFive has raised $365.56 million across 6 funding rounds from investors including SK Telecom, Xilinx and SK hynix. The company has 113 employees as of April 09, 2024. SiFive has completed 1 acquisition, including Open-Silicon. SiFive offers products and services including Core IP, Development Boards, and Software & Tools. SiFive operates in a competitive market with competitors including VeriSilicon, Arteris IP, Cirrus Logic, Credo and Microsemi, among others.
- Headquarter San Mateo, United States
- Employees 113 as on 09 Apr, 2024
- Founders Andrew Waterman, Yunsup Lee, Krste Asanovic
- Stage Unicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Sifive, Inc.
- Date of Incorporation 26 Apr, 2022
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$7.57 M (USD)0as on Mar 31, 2023
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Net Profit
$739.42 K (USD)0as on Mar 31, 2023
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EBITDA
$1.06 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$365.56 M (USD)
in 6 rounds
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Latest Funding Round
$175 M (USD), Series F
Mar 16, 2022
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Investors
SK Telecom
& 18 more
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Employee Count
113
as on Apr 09, 2024
- Investments & Acquisitions
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Products & Services of SiFive
SiFive offers a comprehensive portfolio of products and services, including Core IP, Development Boards, and Software & Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance processor cores are provided for customization.
Development platforms like HiFive are offered for testing.
Tools like Freedom Studio are developed for developers.
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Software Development Team
53 people
Leadership Team
14 people
Principal Team
10 people
Sales and Marketing
9 people
Senior Team
8 people
Creative and Marketing Team
6 people
Product Management Team
3 people
Finance and Accounting
3 people
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Funding Insights of SiFive
SiFive has successfully raised a total of $365.56M across 6 strategic funding rounds. The most recent funding activity was a Series F round of $175 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series F — $175.0M
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First Round
First Round
(01 Aug 2015)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series F - SiFive | Valuation | Coatue | |
| Aug, 2020 | Amount | Series E - SiFive | Valuation | SK hynix | |
| Jun, 2019 | Amount | Series D - SiFive | Valuation | Sutter Hill Ventures , Chengwei Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SiFive
SiFive has secured backing from 19 investors, including venture fund and institutional investors. Prominent investors backing the company include SK Telecom, Xilinx and SK hynix. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage startups by Ibex Investors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SiFive
SiFive has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Open-Silicon. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Customized SOCs and ASIC designs are manufactured and supported.
|
2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SiFive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sifive Comparisons
Competitors of SiFive
SiFive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VeriSilicon, Arteris IP, Cirrus Logic, Credo and Microsemi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Silicon platform-as-a-service is offered for SOC and SIP design solutions.
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| domain | founded_year | HQ Location |
Network-on-chip interconnect IP is provided for AI-enabled SoCs.
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| domain | founded_year | HQ Location |
Internet first brand offering analog, mixed-signal, and audio DSP integrated circuits
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| domain | founded_year | HQ Location |
Serializer-deserializer circuits are developed for high-speed data applications.
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| domain | founded_year | HQ Location |
Integrated circuits and semiconductors are developed for multiple applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sifive
Frequently Asked Questions about SiFive
When was SiFive founded?
SiFive was founded in 2015.
Where is SiFive located?
SiFive is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Who is the current CEO of SiFive?
Patrick Little is the current CEO of SiFive.
Is SiFive a funded company?
SiFive is a funded company, having raised a total of $365.56M across 6 funding rounds to date. The company's 1st funding round was a Series D of $65.4M, raised on Aug 01, 2015.
How many employees does SiFive have?
As of Apr 09, 2024, the latest employee count at SiFive is 113.
What is the annual revenue of SiFive?
Annual revenue of SiFive is $7.57M as on Mar 31, 2023.
What does SiFive do?
SiFive is established as a key provider of RISC-V processor IP, focusing on customizable, high-performance scalar, vector, and matrix solutions. The company serves diverse sectors including AI, automotive, edge computing, IoT, consumer devices, data centers, aerospace, and storage. Its offerings are tailored to enable innovation through open-standard architecture, supporting scalability and rapid deployment. Partnerships and collaborations, such as with Red Hat and Cycuity, are maintained to enhance security and software ecosystems. SiFives solutions are utilized to power next-generation technologies across embedded and high-demand computing environments.
Who are the top competitors of SiFive?
SiFive's top competitors include Cirrus Logic, VeriSilicon and Arteris IP.
What products or services does SiFive offer?
SiFive offers Core IP, Development Boards, and Software & Tools.
How many acquisitions has SiFive made?
SiFive has made 1 acquisition, including Open-Silicon.
Who are SiFive's investors?
SiFive has 19 investors. Key investors include SK Telecom, Xilinx, SK hynix, Aramco, and Western Digital.
What is SiFive's valuation?
The valuation of SiFive is $2.5B as of Mar 2022.