Chip Startup Nuvacore Eyes 2.5 Billion Valuation
Microchip startup Nuvacore is raising hundreds of millions of dollars at a roughly 2.5 billion dollar valuation. The six month old company has not yet developed a product but aims to build a new central processor for data centers.
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Microchip startup Nuvacore is raising hundreds of millions of dollars at a $2.5 billion valuation to develop a data center central processor. The six-month-old company has yet to release a commercial product. Investor appetite for artificial intelligence hardware has driven venture capital funding in semiconductor startups to $10.7 billion in the first five months of the year.
