BonAngels Update

Semifive Raises $109M in Series B Funding

Semifive, a South Korean design solution provider and pioneer of platform-based custom silicon solutions, raised $109M in Series B in funding.

The round, which brings the total capital raised to $147 million since its inception in 2019, was led by BonAngels, Game Changer, Korea Investment Partners, LB Investment, Mirae Asset Venture Investment and Pavilion Capital.

Proceeds from this round will be used to accelerate design platform deployment, new technologies and methodologies, scale R&D and engineering teams and build up new capabilities in the areas of IP solutions.

Led by Brandon Cho, CEO, SEMIFIVE is a pioneer of platform based SoC design, working with customers to implement innovative ideas into custom silicon in the most efficient way. Its SoC platforms offer a springboard for new chip designs and leverage configurable domain-specific architectures and pre-validated key IP pools. It offers comprehensive spec-to-system capabilities with end-to-end solutions so that custom SoCs can be realized faster, with reduced cost and risks for key applications such as data center or AI-enabled IoT.

Within three years of its founding, SEMIFIVE has established itself as a global player and is the fastest growing Samsung Foundry SAFETM DSP with more than 300 employees worldwide representing development and sales organizations in the United States, India, Vietnam and Korea.

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