Rivos Inc. has announced that it has received more than $250 million in a series A-3 round of funding led by new investor Matrix Capital Management Company, LP on April 16, 2024. The transaction included participation from new investors Cambium Capital Partners, Intel Capital Corporation, MediaTek Inc., Hotung Venture Group, Compal Electronics, Inc., Delta Electronics Capital Company, Singularity Capital Management, CDIB Capital International (Hong Kong) Corporation Limited, Cathay Venture Inc., CIDC, Capital TEN, and other new investors, returning investors Walden Catalyst Management LLC, Dell Technologies Inc., Koch Disruptive Technologies, LLC, VentureTech Alliance LLC, Nepenthe Capital and Factory HQ Advisors, LLC. The transaction was oversubscribed.

As a part of transaction Romit Shah of Matrix Capital Management Company, LP has joined the company's board of directors.