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Nuvacore, a six-month-old Sequoia-backed chip startup that's designing

Sources: Nuvacore, a six-month-old Sequoia-backed chip startup that's designing a new central processor for data centers, is raising funds at a ~$2.5B valuation

TL;DREarly-stage chip startup Nuvacore valued at $2.5B despite having no product yet.

Why it matters: Signals massive investor appetite for alternatives to incumbent data center processors, potentially disrupting a lucrative market.

Six-month-old microchip startup Nuvacore, which does not yet have a product, is raising hundreds of millions of dollars …

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Source: Reuters · Opens in new tab