Rivos Secures $250 Million for RISC-V AI Chip Development

The startup plans to challenge Nvidia's dominance in the AI chip market with its new RISC-V architecture-based server chips.

Rivos, a California-based startup, has raised $250 million in Series A funding to produce its first AI and data analytics accelerator chips.
The chips will utilize the open-source RISC-V architecture, potentially reducing costs and licensing issues compared to traditional chip architectures.
Rivos aims to target smaller installations with its cost-effective solutions, positioning itself as a viable alternative to Nvidia.
The company's chip design integrates high-performance CPUs with a data parallel accelerator, supporting extensive memory workloads.
Despite previous legal challenges with Apple, Rivos has resolved its disputes and is moving forward with its chip production plans.