US-based data processing unit designer Nuvia received $240m yesterday in a series B round including Dell Technologies Capital, the corporate venturing division of computing technology producer Dell.
Mithril Capital led the round, which also included funds managed by BlackRock, Temasek, Fidelity, Atlantic Bridge, Redline Capital, Capricorn Investment Group, Mayfield, Nepenthe, WRVI Capital and private investors Sehat Sutardja and Weili Dai.
Founded in February 2019, Nuvia is working on silicon semiconductor architectures for data centres that are energy efficient while delivering high performance. Essentially, Nuvia’s approach focuses on squeezing faster processing out of the same amount of electrical power.
Nuvia’s first two products under development include a system-on-chip called Orion and a CPU core called Phoenix. The company was co-founded by the team who previously led the design of consumer electronics company Apple’s chips used in iPhones and iPads.
Dell Technologies Capital co-led a $53m series A round in November 2019 with Capricorn, Mayfield and WRVI. The round also included Nepenthe.
