Nuvacore reportedly seeks funding at a $2.5 billion valuation
Chip illustration, not a Nuvacore product photoReuters reports that CPU startup Nuvacore is seeking hundreds of millions of dollars at a roughly $2.5 billion valuation, citing two people familiar with the talks. The San Jose company is developing data-centre processors and has not yet released a product. The round has not closed, so its valuation and amount may change; Sequoia’s earlier seed backing does not identify investors in the current talks.
DTT summary based on Reuters's report. The full article is on the publisher's site.
Round details
Hundreds of millions
$2.5B (proposed)
In talks
Not closed; amount and valuation may change
Sequoia Capital (earlier seed lead)
Develops a new central processor for data centres and AI infrastructure. It has not yet released a product.
Round has not closed; amount and roughly $2.5B valuation may change. Earlier seed round was led by Sequoia Capital; current investors are not disclosed.