Led by Matrix Capital Management, the financing round of the RISC-V accelerated platform firm had the participation from new investors including MediaTek, Cambium Capital, Intel Capital, CIDC, Hotung Venture Group, and Capital TEN
RISC-V accelerated platform company Rivos raises over $250m in a Series A-3 funding round. (Credit: Pete Linforth from Pixabay)
Rivos, a US-based company focusing on reduced instruction set computing (RISC-V) accelerated platforms for data analytics and generative artificial intelligence (AI), has raked in over $250m in a Series A-3 funding round.
Led by Matrix Capital Management, the financing round had the participation from new investors including MediaTek, Cambium Capital, Intel Capital, CIDC, Hotung Venture Group, and Capital TEN.
It also saw the increased participation from Rivos’ existing investors such as Dell Technologies Capital, Walden Catalyst, VentureTech Alliance, and Koch Disruptive Technologies.
Established in 2021, Rivos specialises in power-optimised chips that integrate high-performance server-grade RISC-V CPUs and a data parallel accelerator. These chips are engineered to seamlessly align with current software programming models and rack server constraints.
A data parallel accelerator is a general-purpose graphics processing unit (GPGPU) enhanced for large language models (LLMs) and data analytics.
According to Rivos, the company’s approach to software-defined hardware solutions for accelerating data centre workloads has drawn capital from major financial and strategic investors.
Matrix Capital Management managing general partner David Goel said: “Expanding the application of data analytics and large language models to encompass not just traditional data types such as text, images, and video, but also genomic and medical data, unlocks unprecedented opportunities for innovation in research and treatment.
“The Rivos team has adeptly integrated the groundbreaking new RISC-V architecture with an inventive accelerator, effectively bringing this vision to life.
The new capital will allow the Rivos to tapeout its maiden silicon product.
Besides, the RISC-V accelerated platform company aims to expand its manufacturing operations, platform hardware, software engineering and support functions to meet the rising customer demand with the funding.
Rivos co-founder and CEO Puneet Kumar said: “The rapid changes in LLMs and the merger with the data analytics stack makes it vital that accelerators be easy to program and debug, and that data can seamlessly move between CPU and accelerator.
“Rivos addresses this need through our recompile-not-redesign approach.”