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25th September 2020, 08:02 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,802
| NUVIA raises $240M Series B Funding Enough to tape out the Orion chip The future of NUVIA is now brighter as the company managed to secure $240M Series B Funding, money that will be enough tape out the Orion chip. In the light of Nvidia – ARM acquisition times for a custom server architecture could not be better, ensuring NUVIA's great timing and future prove roadmap is the right way forward. The funding round was led by Mithril Capital in partnership with Sehat Sutardja and Weili Dai(founders of Marvell Technology Group), funds and accounts managed by BlackRock, Fidelity Management & Research Company, LLC., and Temasek, with additional participation from Atlantic Bridge, Redline Capital, Capricorn Investment Group, Dell Technologies Capital, Mayfield, Nepenthe LLC, and WRVI Capital. NUVIA was founded in February 2019 by John Bruno, Manu Gulati, and Gerard Williams, with the vision to create the world's leading server processor The $240 million B funding series, on top of the $53 A series, could be the highest series B ever raised in recent memory. The money ensures silicone and hand and having a chip back from the foundry. Most of the money goes to the hiring stuff and tapa our related tasks as NUVIA is on a fast track to expand headcount and finish a custom ARM-based server chip. NUVIA is building a leading-edge SoC and CPU core, codenamed "Orion" and "Phoenix", designed to deliver industry-leading performance on real cloud workloads. https://fudzilla.com/news/memory-and...ries-b-funding |
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