Rivos raised more than $250M in Series A-3 funding led by Matrix Capital Management and new investors including Intel Capital, MediaTek, Cambium Capital, CIDC, Capital TEN, and Hotung Venture Group.
Apr 16, 2024•over 1 year ago
Amount Raised
$250 Million
Round Type
series a
Santa ClaraMachine LearningArtificial IntelligenceAnalyticsInvestors
Venture Tech AllianceKoch Disruptive TechnologiesDell Technologies CapitalWalden CatalystHotung Venture GroupCapital TenCidcCambium CapitalMedia TekIntel CapitalRomit ShahMatrix Capital Management
Description
Rivos, a Santa Clara, CA-based RISC-V accelerated platform company, raised more than $250M in Series A-3 funding. The funding will be used to launch its first silicon product, expand manufacturing operations, platform hardware, software engineering, and support functions.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech