According to Bloomberg, chip startup SiFive has completed a $400 million funding round led by Atreides Management, with participation from Nvidia, Apollo Global Management, and Point72. Post-funding, SiFive is valued at $3.65 billion. SiFive stated that the raised capital will be used to expand its market share in the AI data center sector. The round was oversubscribed, with actual investment commitments exceeding the final fundraising amount.
Chip startup SiFive completes $400 million funding round led by Atreides Management
TechFlowShare
Summary
Chip startup SiFive closed a $400 million project funding round led by Atreides Management, with Nvidia, Apollo Global Management, and Point72 also participating. The company is now valued at $3.65 billion. The funds will be used to expand its presence in the AI and cryptocurrency data center markets. The round was oversubscribed, with investor demand exceeding the final fundraising target.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.