Sequoia-backed chip startup Nuvacore seeks $2.5B valuation

Chip startup Nuvacore, backed by Sequoia, is in talks for a new round at a $2.5 billion valuation. It was founded by Gerard Williams, who previously created Nuvia, acquired by Qualcomm for $1.4 billion in 2021.

• Nuvacore is seeking a $2.5 billion valuation
• The startup is backed by Sequoia
• Founder Gerard Williams created Nuvia
• Qualcomm acquired Nuvia for $1.4 billion in 2021