SiFive Secures $400M Series G with Nvidia Backing; Wall Street Boosts NVDA Stake
RISC-V pioneer SiFive secured $400 million in an oversubscribed Series G funding round. Atreides Management led the round, with Nvidia providing backing. This funding values SiFive at $3.65 billion. The company plans to expand its presence in the AI data center CPU market. SiFive aims to challenge traditional architectures by leveraging its open RISC-V compute and Nvidia's NVLink Fusion ecosystem. This move suggests a shift towards customizable, high-bandwidth, open-standard foundations for AI data centers.
Separately, Wall Street Financial Group Inc. increased its stake in NVIDIA Corporation. The firm boosted its holdings by 6.8% during the fourth quarter, adding 2,961 shares. Wall Street Financial Group now owns 46,374 shares of NVIDIA. This makes NVIDIA its third-largest holding, representing 6.3% of its portfolio. The position is valued at $8.649 million. This increase reflects continued institutional confidence in NVIDIA's market position.
Key Takeaways
- SiFive, a RISC-V pioneer, raised $400 million in an oversubscribed Series G funding round.marketbeat.com
- The Series G funding round values SiFive at $3.65 billion.marketbeat.com
- Atreides Management led SiFive's Series G round, with Nvidia providing backing.marketbeat.com
- SiFive plans to expand into the AI data center CPU market, leveraging Nvidia's NVLink Fusion ecosystem.marketbeat.com
- Wall Street Financial Group Inc. increased its stake in NVIDIA Corporation by 6.8%, adding 2,961 shares.cybernewscentre.com
- NVIDIA is now Wall Street Financial Group's third-largest holding, valued at $8.649 million.cybernewscentre.com
Affected Companies
Sources
Filing: Wall Street Financial Group Inc. Acquires 2,961 Shares of NVIDIA Corporation (NVDA)
MarketBeat
“According to this source, Wall Street Financial Group Inc. increased its stake in NVIDIA Corporation by 6.8%, making NVDA its third-largest holding.”
AI Startup Update: SiFive Secures $400M Series G at $3.65B Valuation to Challenge Data Centre CPU Market
Cyber News Centre
“Reported that SiFive raised $400 million in Series G funding, valuing the company at $3.65 billion, and is expanding into AI data center CPUs with Nvidia's backing.”