Business · Companies · 1 hr ago

Chip startup Nuvacore seeks a $2.5 billion valuation

Chip startup Nuvacore seeks a $2.5 billion valuation

Nuvacore, a chip startup backed by Sequoia, is seeking a valuation of $2.5 billion.

A valuation is an estimate of what a company is worth.

The company’s cofounder is Gerard Williams.

Williams previously founded Nuvia, another chip company.

Qualcomm acquired Nuvia for $1.4 billion in 2021.

That earlier acquisition is background to Williams’s experience in the chip industry.

No further details about Nuvacore’s plans or next steps are available.

Sources

Related news