Rivos, a RISC-V accelerated platform company targeting data analytics and Generative AI, announced it has raised more than $250M in its oversubscribed Series A-3 funding round, and Matrix Capital Management, the largest investor in this round, has joined the Board represented by Romit Shah. The funding saw participation from new investors including Intel Capital, MediaTek, Cambium Capital, CIDC, Capital TEN, and Hotung Venture Group, and increased participation from existing investors Walden Catalyst, Dell Technologies Capital, Koch Disruptive Technologies, and VentureTech Alliance.

Founded in May 2021, Rivos has assembled a world class team of silicon, software and platform designers. The company is backed by premier financial and strategic investors who share its long term vision of building industry-leading power efficient, high performance, secure server solutions, based on RISC-V, using workload-defined hardware. Rivos supports the intense requirements of the large language models and data analytics that will remake the enterprise, by providing the full solution of optimized chips combining RISC-V CPUs and a Data Parallel Accelerator, a reference multi-chip OCP modular server, and a full firmware-to-application open software stack. Customer workloads are easily deployed using their existing models giving an immediate TCO benefit.