The Terra VC venture capital fund, created with the participation of RVC capital, announces the sale of its stake in Syntacore, a leading domestic developer of microprocessor and microcontroller cores based on the open RISC-V architecture. The buyer was the Russian technology company YADRO, part of Х Holding.
Syntacore is developing RISC-V technology by offering a wide range of processor IP with the RISC-V command set and related tools. The primary areas of the company's competence: low-power, high-performance embedded cores, application-optimised processor instructions (ASIP), reconfigurable architectures, and compilers.
The Terra VC fund was created in 2019 in the amount of $40 million by combining two venture funds Phystech Ventures and North Energy Ventures. The new fund included 24 investors, including seven new investors and 17 investors who previously worked with Phystech Ventures and North Energy Ventures. The fund's capital included large banks, corporations, RVC, the owners of oilfield services companies, and international technology entrepreneurs. The Terra VC portfolio currently consists of a number of Russian technology companies with a presence in the markets of the Middle East, Southeast Asia, and North America.