NVIDIA-BACKED SIFIVE REACHES $3.65B VALUATION
■ AI-SUMMARIZED FROM 1 SOURCE BELOW
SiFive, a chip design company backed by Nvidia, has achieved a $3.65 billion valuation as it develops open-source artificial intelligence processors.
■ MORE FROM THE STARTUPS DESK
Expo, the developer of an open-source React Native framework and cloud services for cross-platform app development, closed a $45 million Series B funding round led by Georgian.
Wealth manager Iconiq, managing $100 billion in assets with $26 billion dedicated to venture capital, invested $3 billion into AI startups last year, according to Bloomberg reporting.
Venture capital firm Andreessen Horowitz has invested in Rillet, an AI platform designed to streamline financial operations and accounting for enterprises. The backing underscores growing investor interest in AI-driven financial automation tools.
AI code editor Cursor is in talks to raise over $2 billion at a $50 billion valuation, with returning investors a16z and Thrive expected to lead the round as the company capitalizes on surging enterprise adoption.