✉news BusinessStartups first seen 8 h ago, last 21 min ago, peak #1
Chip startup Nuvacore raising funds at $2.5 billion valuation
Original: EXCLUSIVE: Sequoia-backed chip startup Nuvacore raising funds at about a $2.5 billion valuation, sources say
Sequoia-backed chip startup Nuvacore is raising a new funding round at a valuation of roughly $2.5 billion, according to sources cited by Reuters. The reported raise underscores continued investor appetite for semiconductor ventures, which have drawn heavy interest amid booming demand for AI-related chips and government pushes to expand domestic chipmaking capacity.
Why now: Exclusive news of a large valuation for a Sequoia-backed semiconductor startup amid strong investor interest in chips.
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