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Exclusive-Sequoia-backed chip startup Nuvacore raising funds at about a $2.5 billion valuation, sources say

The six-month-old startup is betting demand for AI infrastructure will keep rising as it develops a new chip for data centers.

SAN FRANCISCO, Oct 9 : Six-month-old microchip startup Nuvacore, which does not yet have a product, is raising hundreds of millions of dollars at a roughly $2.5 billion valuation to develop a new central processor designed for data centers, according to two people familiar with the fundraising.Nuvacore is se

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PressNewsAgency broke the news on Friday, October 9, 2026.
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