Codasip began operations as a spin-out from the Brno University of Technology, Faculty of Information Technology in 2014 based on 10 years of research. After an initial funding round with Credo Ventures, Codasip completed a series A round with Ventech Capital, Western Digital, Shenzhen Capital Group, and Paua Ventures.

Codasip is a founding member of RISC-V International (formerly RISC-V Foundation) and was the first company to offer a commercial RISC-V IP core in 2015. Today, Codasip is a leading supplier of processing solutions for IC designers, offering products based on open standards such as the RISC-V ISA, LLVM and UVM.