Rivos Raises $250M to Launch Silicon Product and Expand Operations

Rivos Raises $250M in Series A-3 Funding

Key Highlights:

• Funding Round: Rivos, a RISC-V accelerated platform company, raised over $250 million in Series A-3 funding.
• Investors: Matrix Capital Management led the round, with participation from new investors Intel Capital, MediaTek, Cambium Capital, CIDC, Capital TEN, and Hotung Venture Group, as well as existing investors.
• Product Launch and Expansion: The funding will be used to launch Rivos' first silicon product, expand manufacturing operations, and support hardware, software engineering, and other functions.

Rivos' Target Market

• Target Market: Data analytics and Generative AI industries.
• Technology Companies: Companies in need of power-optimized chips for high-performance data analytics and language models.
• Manufacturing and Engineering Partners: Collaborations with manufacturing partners and engineering talent across multiple disciplines.

What Rivos Needs to Buy

• Manufacturing Equipment and Facilities: Investments in manufacturing equipment and facilities to support the production of silicon products.
• Software Development and Engineering Tools: Tools and resources for software engineering and development of Rivos' platform.
• Talent Acquisition: Hiring engineering talent across multiple disciplines to support Rivos' expansion and growth.