SiFive was founded in 2015 by Krste Asanovic, Yunsup Lee, and Andrew Waterman. Following a $175 million funding round and the sale of a business unit for $210 million, CEO Patrick Little reported that the new capital would be enough to finance the company's growth until an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
SiFive is an RISC-V semiconductor chip company. In addition to developing physical products, the company provides essential processor IP. SiFive has raised more than $350 million in venture capital funding from investors including Coatue, Qualcomm Ventures, Samsung Ventures, Spark Capital, Ibex Investors, and Intel Capital. SiFive's latest round of funding increased the company's valuation to $2.5 billion.