Dell Technologies Capital, the corporate venturing arm of computing technology producer Dell, led a $53m series A round for US-based data processing unit designer Nuvia on Friday.
The round was co-led by investment manager Capricorn Investment and venture capital firms Mayfield Fund and WRVI Capital, and also featured an investment entity known as Nepenthe.
Founded in early 2019, Nuvia designs silicon semiconductor architectures that incorporate advances in energy efficiency, performance and scalability in order to execute advanced computing applications.
The company will primarily target an influx of datacentric computing technologies expected to require consistent connectivity, high-speed data access and rich media experiences. It has not revealed details of any earlier funding.
Scott Darling, president of Dell Technologies Capital, said: “The formation of Nuvia is a prime example of remarkable innovation born in Silicon Valley.
“The best companies start when founders with outstanding track records of performance come together to identify a big problem and line up the best investment team to help them succeed.
“As part of that team, we are focused on providing Nuvia with Dell Technologies Capital’s unique value and market leverage.”