Nuvacore raising funds at ~$2.5B valuation for data center CPU

Six-month-old chip startup Nuvacore, backed by Sequoia, is raising hundreds of millions of dollars at a valuation of about $2.5 billion. The company is designing a new central processor for data centers but has no product yet.

• Nuvacore is only six months old and has no product yet
• The funding round values the startup at about $2.5B
• It is designing a central processor for data centers
• Backer is Sequoia Capital