Krux
April 10, 2026
SiFive Raises $400M With Nvidia Before Planned IPO
Published: April 10, 2026 at 12:41 AM
Updated: April 10, 2026 at 12:41 AM
100-word summary
RISC-V chip designer SiFive closed a $400 million Series G led by Atreides Management, with Nvidia joining as a strategic investor. The round values the company at $3.65 billion, up from $2.5 billion in 2022. CEO Patrick Little says it could be the last private round before an IPO. Nvidia's participation isn't just a bet on open-source chips. It signals the company wants alternatives to Arm for data-center processors that can plug into its AI infrastructure, including recent NVLink integrations with SiFive. Translation: the chipmaker funding everyone's AI dreams is hedging against the architecture it currently depends on.
What happened
RISC-V chip designer SiFive closed a $400 million Series G led by Atreides Management, with Nvidia joining as a strategic investor. The round values the company at $3.65 billion, up from $2.5 billion in 2022. CEO Patrick Little says it could be the last private round before an IPO. Nvidia's participation isn't just a bet on open-source chips. It signals the company wants alternatives to Arm for data-center processors that can plug into its AI infrastructure, including recent NVLink integrations with SiFive.
Why it matters
Translation: the chipmaker funding everyone's AI dreams is hedging against the architecture it currently depends on.