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Six-month-old chip startup Nuvacore raising at $2.5 billion valuation
Original: 🧠 A six-month-old chip startup with no product is reportedly raising at a roughly $2.5 billion valuation. Reuters report
Reuters reported on October 9 that Nuvacore, a San Jose chip startup founded six months ago by former Apple silicon chief Gerard Williams, is raising hundreds of millions of dollars at a valuation of roughly $2.5 billion despite having no product on the market. The company is developing a CPU for data centers, and the size of the round at such an early stage is drawing attention to continued investor appetite for custom data-center chips.
Why now: The unusually high valuation for a product-less startup founded by a prominent former Apple chip executive has caught the tech industry's attention.
NuvacoreGerard WilliamsReutersSan Jose
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- 🧠 A six-month-old chip startup with no product is reportedly raising at a roughly $2.5 billion valuation. Reuters reported Oct 9 that Nuvacore, a San Jose company, is raising hundreds of millions to build a CPU for data centers. It was founded by Gerard Williams, who led… · jcrabapple@dmv.community · 3
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