{"id":891,"date":"2022-02-16T19:58:00","date_gmt":"2022-02-16T19:58:00","guid":{"rendered":"https:\/\/semifive.com\/?post_type=press-releases&#038;p=891"},"modified":"2025-12-31T15:27:42","modified_gmt":"2025-12-31T06:27:42","slug":"semifive-raises-109-million-in-series-b-funding","status":"publish","type":"press-releases","link":"https:\/\/semifive.com\/ko\/company\/newsroom\/press-releases\/semifive-raises-109-million-in-series-b-funding\/","title":{"rendered":"SEMIFIVE Raises $109 Million in Series B Funding"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><em><strong>Latest funding will accelerate global expansion and enhance capabilities of design platform SOC solutions<\/strong><\/em><\/li>\n<\/ul>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><strong>SAN JOSE, Calif.&#8211;SEMIFIVE<\/strong>, a leading design solution provider and pioneer of platform-based custom silicon solutions, today announced it has raised $109 million in its Series B funding round. This brings the total capital raised for SEMIFIVE to $147 million since its inception in 2019 with investments from BonAngels, Game Changer, Korea Investment Partners, LB Investment, Mirae Asset Venture Investment and Pavilion Capital (a subsidiary of Temasek).<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-14f9527b wp-block-columns-is-layout-flex\" style=\"margin-bottom:0rem\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<blockquote class=\"wp-block-quote has-large-font-size pr-block-quote has-medium-font-size is-layout-flow wp-block-quote-is-layout-flow\" style=\"margin-bottom:0rem\">\n<p class=\"has-small-font-size wp-block-paragraph\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-accent-two-color\"><strong>\u201cSEMIFIVE\u2019s key focus is to enable innovation by making custom silicon accessible and affordable. We envision ourselves as the new global hub of custom silicon\u201d<\/strong><\/mark> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-accent-two-color\"><strong>said Brandon Cho, CEO and founder of SEMIFIVE. \u201cWith the strong support from our investors, we are accelerating our strategy in the U.S. which is a pivotal base for business expansion and added capabilities. Anticipating strong growth, we are scaling our sales, customer and technical support organizations.\u201d<\/strong><\/mark><\/p>\n<\/blockquote>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p class=\"has-small-font-size wp-block-paragraph\" style=\"margin-top:0rem;margin-bottom:0rem\">Proceeds from this round will be used to accelerate design platform deployment, new technologies and methodologies, scale R&amp;D and engineering teams and build up new capabilities in the areas of IP solutions. Within three years of its founding, SEMIFIVE has established itself as a global player and is the fastest growing Samsung Foundry SAFE<sup>TM<\/sup> DSP with more than 300 employees worldwide representing development and sales organizations in the United States, India, Vietnam and Korea.<\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\">SEMIFIVE\u2019s continued investment backing is attributable to a unique business model that will transform the rapidly changing semiconductor industry. Large companies such as Apple and Tesla have been driving innovation through custom semiconductors, but the challenge of long development cycles and prohibitive costs present key barriers for many companies. This is in stark contrast to the software industry, where anyone can easily develop apps, enabling more innovations.<\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\">\u201cSEMIFIVE\u2019s key focus is to enable innovation by making custom silicon accessible and affordable. We envision ourselves as the new global hub of custom silicon,\u201d said Brandon Cho, CEO and founder of SEMIFIVE. \u201cWith the strong support from our investors, we are accelerating our strategy in the U.S. which is a pivotal base for business expansion and added capabilities. Anticipating strong growth, we are scaling our sales, customer and technical support organizations.\u201d<\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\">SEMIFIVE\u2019s platform SoC approach significantly reduces chip development cost and schedule, enabling more diverse industry players to innovate and challenge the semiconductor landscape. To date, several AI-based semiconductor startups such as FuriosaAI, Rebellions and Mobilint have signed on as customers. The custom silicon chips are designed using Samsung Foundry\u2019s advanced FinFET process nodes. In addition to AI, SEMIFIVE offers design platforms for edge compute, AIoT, and data acceleration. The company will also add high performance compute and automotive platforms to its portfolio.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This latest funding will accelerate global expansion and enhance capabilities of design platform SOC solutions.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-891","press-releases","type-press-releases","status-publish","hentry"],"acf":{"featured_post":""},"_links":{"self":[{"href":"https:\/\/semifive.com\/ko\/wp-json\/wp\/v2\/press-releases\/891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/semifive.com\/ko\/wp-json\/wp\/v2\/press-releases"}],"about":[{"href":"https:\/\/semifive.com\/ko\/wp-json\/wp\/v2\/types\/press-releases"}],"wp:attachment":[{"href":"https:\/\/semifive.com\/ko\/wp-json\/wp\/v2\/media?parent=891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}