SiFive Revenue, Valuation, Funding & Investors
SiFive is valued at $3.6B as of April 2026.
Last SiFive valuation
$3.6B
Series G · Apr 2026
Last SiFive funding round
$400M
Series G · Apr 2026
SiFive revenue
$116M
Series F · Mar 2022
Key investors in SiFive
Sutter Hill Ventures
Spark Capital
OUP (Osage University Partners)
Intel Capital
Qualcomm Ventures
Prosperity7 Ventures
About SiFive
SiFive designs customizable RISC-V processor cores and IP for embedded systems, IoT devices, automotive, and datacenter applications. Its Freedom platform includes microcontrollers, high-performance CPUs, and vector extensions with associated EDA toolchains. Santa Clara-headquartered SiFive licenses cores to Samsung, Western Digital, and Andes Technology. Founded in 2015, the company shipped over a billion RISC-V cores by 2023, powering chips from Qualcomm and NVIDIA partners.
Founded
2015
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Revenue
$116M (Mar 2022)
Valuation
$3.6B (Apr 2026)
SiFive Valuation
SiFive is currently valued at $3.6B, based on its Series G in April 2026.
The $400M round was led by Atreides Management, with participation from NVIDIA, Sutter Hill Ventures, Prosperity7 Ventures, Apollo Global Management, T. Rowe Price and 1 other investor.
SiFive's valuation has grown 1.5x from $2.5B at its Series F in March 2022 to $3.6B in April 2026, across 2 priced rounds.
SiFive valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2026 | Series G | $3.6B | - |
| Mar 2022 | Series F | $2.5B | 21.6x |
SiFive Revenue
SiFive's latest recorded revenue is $116M, as of its Series F in March 2022. At a $2.5B valuation, that implies a 21.6x revenue multiple.
SiFive revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2022 | $116M | $2.5B | 21.6x | Series F |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
SiFive Funding History
SiFive has raised a total of $766M across 7 funding rounds.
SiFive's first fundraising round was a $5M Series A in September 2015. The most recent completed round was a $400M Series G in April 2026.
SiFive funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2026 | Series G | Atreides Management (lead); NVIDIA; Sutter Hill Ventures; Prosperity7 Ventures; Apollo Global Management; T. Rowe Price; Point72 | $400M | $3.6B | - |
| Mar 2022 | Series F | Coatue (lead); Ibex Investors; Intel Capital | $175M | $2.5B | SiFive is a fabless semiconductor company founded in 2015, specializing in commercial RISC-V processor IP, silicon solutions, cores, SoCs, development boards, and custom design services. It targets applications in automotive, AR/VR, client computing, datacenter, and intelligent edge, with over 400 design wins and more than 100 paying customers, including eight of the top ten semiconductor companies. Revenue is generated primarily from upfront IP licensing fees (60%), custom design services (30%), and development boards/tools (10%), though figures are lumpy due to large customer commitments. In March 2022, SiFive completed a $175 million Series F funding round led by Coatue Management, with participation from Intel Capital, SK hynix, Qualcomm Ventures, Sutter Hill Ventures, Spark Capital, Osage University Partners, and Prosperity7 Ventures, achieving a post-money valuation of $2.5 billion. The round brought total funding to approximately $366 million across eight rounds. This valued the company at a significant multiple given its early monetization stage as an IP provider, where reported revenue understates future contracted value. SiFive reported record growth in 2022, shifting revenues from embedded to high-performance RISC-V products and expanding its global footprint with new automotive portfolios and development systems like the HiFive Pro P550. It earned awards including the 2022 Global Semiconductor Alliance Most Respected Private Semiconductor Company and TSMC Open Innovation Platform Partner of the Year, and ranked in Inc.'s top 10% fastest-growing private U.S. companies. Sacra estimates 2023 revenue at $38.2 million, reflecting its position in the growing RISC-V ecosystem. |
| Aug 2020 | Series E | SK Hynix (lead); Qualcomm Ventures; Western Digital Capital; Sutter Hill Ventures; Spark Capital; Prosperity7 Ventures; Intel Capital; OUP (Osage University Partners) | $61M | - | SiFive, founded by RISC-V inventors, provides commercial RISC-V processor IP, silicon solutions, accelerator IP, and SoC designs for domain-specific architectures in sectors like aerospace, automotive, AI, data centers, mobile, networking, and storage. The company enables custom instruction extensions and heterogeneous processor clusters for optimized workloads, with products like the SiFive Core IP updated in 20G1 for improved performance, power, and features. On August 11, 2020, SiFive closed a $61 million Series E funding round led by SK Hynix, with participation from new investor Prosperity7 Ventures and existing investors including Qualcomm Ventures, Intel Capital, Osage University Partners (OUP), Spark Capital, Sutter Hill Ventures, and Western Digital Capital. This brought total funding to approximately $185-186 million across five rounds since 2015. The funds aimed to expand product portfolio adoption, accelerate development, and target growth in data center, enterprise, storage, and networking driven by AI and data processing demands. SiFive had prior rounds including Series D ($65.4M in June 2019 led by Qualcomm Ventures) and Series C ($50.6M in April 2018). |
| Jun 2019 | Series D | Qualcomm Ventures (lead); Huami; Sutter Hill Ventures; Spark Capital; Chengwei Capital; OUP (Osage University Partners) | $65M | - | SiFive, Inc. is the leading provider of commercial RISC-V processor IP and silicon solutions based on the free and open RISC-V instruction set architecture. Led by seasoned silicon executives and the RISC-V inventors, the company helps SoC designers reduce time-to-market and achieve cost savings through customized, open-architecture processor cores. It enables system designers across market verticals to build customized RISC-V based semiconductors, with expertise in RISC-V Core IP, complete silicon solutions, and a native cloud environment. On June 6, 2019, SiFive announced it raised $65.4 million in a Series D funding round led by Qualcomm Ventures, with participation from existing investors Sutter Hill Ventures, Chengwei Capital, Spark Capital, Osage University Partners (OUP), and Huami. This round brought the company's total investment to date to more than $125 million. The investors highlighted SiFive's rapid RISC-V growth, 101 design wins across markets, and potential to transform semiconductors, particularly in wireless and mobile. SiFive had expanded significantly by this time, growing from 40 employees in one office to 400 employees across 15 global locations, including the US, India, China, Korea, and Taiwan. The funding was intended to accelerate global expansion and technology development. SiFive demonstrated strong traction with 101 design wins, positioning it as a leader in the RISC-V space amid rising adoption of the open-source architecture. Investors like Qualcomm Ventures saw opportunities in extending RISC-V to wireless and mobile applications, complementing SiFive's contributions to the broader semiconductor industry. |
| Apr 2018 | Series C | OUP (Osage University Partners) (lead); Spark Capital (lead); Sutter Hill Ventures (lead); Huami; Western Digital Capital; Chengwei Capital; Samsung Ventures; Berkeley SkyDeck Fund; Intel Capital | $51M | - | SiFive is a leading provider of commercial RISC-V processor core IP, boards, software, and development tools, enabling customized, open-architecture semiconductors for markets including AI, automotive, edge computing, IoT, and data centers. Founded by RISC-V inventors, the company helps SoC designers reduce time-to-market and costs through efficient chip design and software automation. In its Series C funding round announced April 2, 2018, SiFive raised $50.6 million led by Osage University Partners, Spark Capital, and Sutter Hill Ventures, with participation from new investor Chengwei Capital and strategic investors including Huami, Intel Capital, SK Telecom, Samsung Ventures, Western Digital Capital, and others. This brought total funding to approximately $64.1 million post-round. The investment aimed to accelerate RISC-V product development, expand the team (projecting 3X headcount growth), innovate in disruptive RISC-V technologies, and commercialize additional RISC-V-based products. SiFive had recently expanded its executive team, including appointing CEO Naveed Sherwani, and relocated to a larger Silicon Valley headquarters. Around the same time, Western Digital signed a multi-year license for SiFive's Freedom Platform and committed to producing a billion RISC-V cores, while SiFive launched the HiFive Unleashed single-board computer prototype for R&D, generating $143,700 in crowdfunding pre-sales. SiFive continued growing the RISC-V ecosystem, focusing on custom SoC design services via its OpenFive unit launched in 2020. |
| May 2017 | Series B | Spark Capital (lead); Sutter Hill Ventures; OUP (Osage University Partners) | $9M | - | SiFive raised $8.5 million in a Series B funding round on May 9, 2017, led by Spark Capital, with participation from Osage University Partners and Sutter Hill Ventures. The company, founded in 2015, develops commercial RISC-V processor IP and silicon solutions as a fabless semiconductor provider. |
| Sep 2015 | Series A | Sutter Hill Ventures (lead) | $5M | - | SiFive raised $5 million in its Series A funding round in September 2015 led by Sutter Hill Ventures to establish the company and develop initial RISC-V products. SiFive is the leading provider of commercial RISC-V processor IP, founded by the inventors of RISC-V to help SoC designers reduce time-to-market with customized, open-architecture processor cores. The company is based in Silicon Valley. Following the Series A, SiFive continued raising capital, including $8.5 million Series B in May 2017 led by Spark Capital to expand product development and market reach, $50.6 million Series C in April 2018 led by Sutter Hill Ventures, Spark Capital, and Osage University Partners, and $65.4 million Series D in June 2019 led by Sutter Hill Ventures and others, bringing total funding to over $125 million at that point. Later rounds included a $175 million Series F in March 2022 led by Coatue Management at over $2.5 billion valuation. |
Who has invested in SiFive?
19 investors have backed SiFive across its funding rounds, including Sutter Hill Ventures, Spark Capital, OUP (Osage University Partners), Intel Capital, Qualcomm Ventures and Prosperity7 Ventures.
Lead investors include Atreides Management, Coatue, SK Hynix, Qualcomm Ventures, OUP (Osage University Partners) and 2 other investors.
SiFive Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 6 | Lead | Sep 2015 | |
| San Francisco, CA | 4 | Lead | May 2017 | |
| Philadelphia, PA | 4 | Lead | May 2017 | |
| Santa Clara, CA | 3 | Participant | Apr 2018 | |
 Beijing | 2 | Participant | Apr 2018 | |
| San Diego, CA | 2 | Lead | Jun 2019 | |
| Los Angeles, CA | 2 | Participant | Apr 2018 | |
 Dammam | 2 | Participant | Aug 2020 | |
| Shanghai | 2 | Participant | Apr 2018 | |
| San Jose, CA | 1 | Participant | Apr 2026 | |
| Denver, CO | 1 | Participant | Mar 2022 | |
| Boston, MA | 1 | Lead | Apr 2026 | |
| New York City, NY | 1 | Participant | Apr 2026 | |
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Start Free TrialSiFive Competitors
SiFive competitors include listed companies like Xanadu and XinTec, and private ones like Lightmatter, Sunrise, GTA Semiconductor and Photonic.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $50M | - | $4.4B | - | |
| Hangzhou | Private | - | - | $3B | - | |
| Shanghai | Private | - | - | $6.3B | - | |
 Vancouver | Private | - | - | $2B | - | |
| Canada | Publicly listed | $3M | ($47M) | $2.3B | 281.8x | |
 Taiwan | Publicly listed | $227M | $78M | $3.7B | 12.1x |
SiFive Public Comps
SiFive is still privately-owned, but its public comps include XinTec, Espressif Systems, Goodix, Wuxi NCE Power, Leeno Industrial, Synaptics, Nordic Semiconductor, RORZE, Sino-American Silicon and Beijing Jingyi Automation.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $227M | $78M | 15.8x | 12.1x | 45.8x | 31.8x | |||
| $383M | $81M | 8.8x | 7.6x | 41.5x | 35.2x | |||
| $706M | $154M | 4.1x | 4.0x | 18.8x | 24.2x | |||
| $280M | $70M | 11.5x | 9.3x | 46.2x | 36.2x | |||
| $271M | $145M | 12.4x | 11.0x | 23.1x | 20.9x | |||
| $1.2B | $83M | 3.4x | 3.3x | 48.5x | 15.3x | |||
| $668M | $56M | 5.4x | 4.5x | 64.3x | 33.5x | |||
| $828M | $197M | 4.2x | 3.6x | 17.5x | 12.7x | |||
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Common questions about SiFive
| When was SiFive founded? | SiFive was founded in 2015. |
| Where is SiFive headquartered? | SiFive is headquartered in San Francisco, CA, United States. |
| Is SiFive publicly listed? | No, SiFive is a private, VC-backed company. |
| What is SiFive's valuation? | SiFive was last valued at $3.6B in its Series G in April 2026. |
| How much funding has SiFive raised? | SiFive has raised $766M across 7 funding rounds. |
| What was SiFive's last funding round? | SiFive's last funding round was a $400M Series G in April 2026, led by Atreides Management. |
| Who are SiFive's investors? | SiFive's investors include Sutter Hill Ventures, Spark Capital, OUP (Osage University Partners), Intel Capital, Huami, Qualcomm Ventures, Western Digital Capital, Prosperity7 Ventures, Chengwei Capital, NVIDIA and 9 others. |
| What is SiFive's revenue? | SiFive's latest recorded revenue is $116M (March 2022). |
| What is SiFive's revenue multiple? | SiFive's latest valuation implies a 21.6x revenue multiple ($2.5B valuation on $116M of revenue). |
| Which companies are comparable to SiFive? | Companies comparable to SiFive include Lightmatter, Sunrise, GTA Semiconductor, Photonic, Xanadu and XinTec. |
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