Chip startup SiFive closes $400 million funding round, led by Atreides Management

According to Bloomberg, chip startup SiFive has raised $400 million in funding, led by Atreides Management, with participation from Nvidia, Apollo Global Management, and Point72. Following this round, SiFive’s valuation stands at $3.65 billion. SiFive stated that the funds will be used to expand its market share in the AI data center sector. This round was oversubscribed, with investment commitments exceeding the final amount raised.