RISC-V Chip Designer SiFive Reaches $3.65B Valuation with NVIDIA Backing

NVIDIA-backed chip designer SiFive reached a $3.65 billion valuation in its latest funding round, representing significant growth from its March 2022 pre-money valuation of $2.33 billion when it raised $175 million. SiFive maintains open, non-proprietary chip architectures using the RISC-V instruction set, positioning itself as a neutral vendor for AI infrastructure development. The substantial valuation increase reflects growing demand for alternative processor architectures as companies seek flexibility and independence from traditional x86 and ARM-based solutions for AI workloads.