Rivos develops RISC-V-based server chipsets with a data-parallel accelerator designed to speed AI and big-data analytics. Its prototype chip was made using TSMC’s 3nm process and the company is also building self-contained Open Compute Project–style data center hardware plus a firmware-to-app software stack. Rivos targets customers building generative AI and other data-driven solutions and plans to monetize via hardware sales and complementary software to large data center operators. The company is pre-revenue, has roughly 375 employees, and CEO Puneet Kumar said it holds hundreds of millions of dollars in the bank. Rivos was founded in 2021 and previously faced litigation with Apple that settled in February, a legal shadow that had complicated hiring and fundraising. The company does not expect mass production of its chip until sometime next year and emphasizes a “recompile-not-redesign” approach to ease customer adoption.

Total raised

$250M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2024