Chip startup SiFive raises $400 million, with Atreides Management as the lead investor

BlockBeats News, April 9th, according to Bloomberg, chip startup SiFive has received a $400 million funding round from a group of investors led by Atreides Management, with the company planning to use this funding to expand its presence in the AI data center field.

According to a statement released on Thursday, Nvidia Corporation, Apollo Global Management, and Point72 also participated in this funding round. This funding round has increased SiFive's valuation to $3.65 billion. The round was oversubscribed, meaning that the startup received more subscription funds than the actual amount raised.