Rivos Raises More Than $250M in Series A-3 Funding
Summary
Rivos, a Santa Clara, CA-based RISC-V accelerated platform company targeting data analytics and Generative AI, raised more than $250M in Series A-3 funding. The round was led by Matrix Capital Management, which has joined the Board represented by Romit Shah, with participation from new investors including Intel Capital, MediaTek, Cambium Capital, CIDC, Capital TEN, and Hotung Venture Group, and existing investors Walden Catalyst, Dell Technologies Capital, Koch Disruptive Technologies, and VentureTech Alliance. The company intends to use the funds to launch its first silicon product, expand manufacturing operations, platform hardware, software engineering, and support functions. Led by Puneet Kumar, co-founder and CEO, Rivos provides power optimized chips combining high performance server-class RISC-V CPUs and a Data Parallel Accelerator (a GPGPU optimized for large language models (LLMs) and data analytics) that work with today’s software programming models and rack server constraints. Headquartered in Santa Clara, CA, with offices in the USA, UK, EU and Asia, Rivos is hiring engineering talent across multiple disciplines.