Gerard Williams

Nuvacore Seeks Funding at $2.5B Valuation

Six-month-old Nuvacore is seeking hundreds of millions of dollars at an estimated $2.5 billion valuation to develop a data-center CPU, though the fundraising round has not closed and the terms could change. The Sequoia-backed startup plans to design the chip’s core functions before choosing an architecture, targeting growing demand for processors that support AI workloads.