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Efficient Computer raises $97 million at $650 million valuation

Original: Chip startup Efficient Computer raises $97 million at $650 million valuation

Chip startup Efficient Computer has raised $97 million in funding at a $650 million valuation, according to Reuters. The Pittsburgh-based company is developing energy-efficient general-purpose processors, a field attracting growing investor interest as demand for computing power rises. The funding round puts the young semiconductor firm among the notable new players challenging established chipmakers.

Why now: Investors are closely watching new chipmakers amid surging demand for energy-efficient computing hardware.

Efficient ComputerReuters

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