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Exclusive-Sequoia-backed chip startup Nuvacore raising funds at about a $2.5 billion valuation, sources say

SAN FRANCISCO, ⁠Oct 9 (Reuters) - Six-month-old microchip startup Nuvacore, which does not yet have a product, is raising hundreds of millions of ⁠dollars at a roughly $2.5 billion valuation to develop a new central processor designed for data centers, according ‌to two people familiar with the fundraising.

The Star MalaysiaMax A. Cherney, Krystal Hu查看原文 ↗
据消息人士透露,由红杉资本独家投资的芯片初创公司Nuvacore正在以约25亿美元的估值进行融资。

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration//File Photo

SAN FRANCISCO, ⁠Oct 9 (Reuters) - Six-month-oldmicrochip startup Nuvacore, which does not yet have a product, is raising hundreds of millions of ⁠dollars at a roughly $2.5 billion valuation to develop a new central processor designed for data centers, according ‌to two people familiar with the fundraising.

Nuvacore is seeking to raise the funds as the appetite for central processors has swollen due to the thirst for data-crunching capacity to power chatbots such as Anthropic's Claude.CPUs perform vital functions as traffic controllers for Nvidia's AI chips and run autonomous AI software known as ​agents.

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