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Enterprise Startups AI

Qualcomm Backs Startup Taking On SoftBank-Owned Arm

An emerging open source chip design, called RISC-V, appears to be picking up steam in the tech industry, changing how companies make custom chips, and one of the technology’s leading startups is growing fast along with it.

San Mateo, Calif.–based SiFive has just raised $65.4 million in a Series D round, the company said, bringing its total funding to more than $125 million. Notably, the latest round includes Qualcomm’s venture group as an investor. Considering that Qualcomm is one of the biggest customers of RISC-V’s legacy competitor, SoftBank-owned Arm, the mobile chipmaking giant’s investment is symbolically important for SiFive. The latest fundraising hasn’t previously been reported.

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