Six-Month-Old Chip Startup Nuvacore in Talks to Raise Hundreds of Millions at $2.5B Valuation

On October 10, Nuvacore, a microchip startup founded only six months ago and yet to launch a product, is raising several hundred million dollars at an estimated valuation of $2.5 billion to develop a new central processing unit designed for data centers.

The company is backed by Sequoia Capital, a globally recognized venture capital firm. According to people familiar with the matter, the funding round has not been completed, and the valuation and size could change.