NUVIA Completes Series B Funding Round: $ 240M

0
76


One of the more interesting startups lately is NUVIA, with promises of a new Arm-based processor for the data center to rival the x86 dominance of AMD and Intel. The NUVIA team is strong, made up of top SoC architects from Apple and Google, with a long history of success in the company ranks. Building a cutting edge SoC takes a long time, so we still don’t expect NUVIA to come up with a product for some time, but meanwhile the company goes through investment cycles in order to both build the company. such as accelerating R&D before the launch of the first series of products. Today, NUVIA announces that the second round of funding, initially scheduled for the start of the year, has ended.Series A funding announced on November 15e, 2019, and raised $ 53M. The main investors include WRVI Capital, the Mayfield Fund, Dell, Capricorn Investment Group and the participation of Nepenthe LLC, two of the latter two acting as investor partners. NUVIA currently resides on one floor in one of Dell’s unused corporate buildings in the Bay Area, for example.

Series B funding is announced today and has raised $ 240 million. The funding round was led by Mithril Capital in partnership with former Marvell founders, as well as Blackrock, Fidelity Management & Research LLC, and Temasek, with additional participation from Atlantic Bridge, Redline Capital and former members of the series A.

This brings the total raised to $ 293 million. No other information was detailed in the NUVIA press release.

Key figures for NUVIA include the three founders: Gerard Williams III, CEO and former chief CPU architect at Apple for a decade, with another 10 years as an Arm Fellow; Manu Gulati, SVP of Silicon Engineering and former senior SoC architect at Google with an 8-year stint at Apple; and John Bruno, SVP of systems engineering and former systems architect at Google as well as the founder of Apple’s competitive silicon analysis team. NUVIA has also hired key people known to AnandTech, such as Anthony Scarpino (Senior Director Software, former AMD / ATI), Jon Carvill (VP Marketing, former Intel and Qualcomm), Jon Masters (VP ​​Software, former Red Hat) and Heather Lennon (Digital Marketing, former AMD and Intel). Jon Masters has since returned to Red Hat after 11 months at NUVIA.

We know about the first generation of NUVIA products, known as the Orion SoCs, using the Phoenix core with “a redesign of the traditional CPU pipeline”. NUVIA said this new design will deliver peak performance with the highest levels of efficiency, with their own numbers targeting + 40-50% CPI increases over Zen2 for just a third of the horsepower. On top of that, NUVIA will need to create an ecosystem and a distribution platform for its products, which is likely where Dell’s involvement will come in.

With the recent announcement of the acquisition of Arm by NVIDIA, it would be interesting to hear how this could change the relationship between Arm and its partners, especially architecture licensees, like NUVIA. There is no doubt that the future of this relationship will be an important part of how future roadmaps are formed, or in the case of NUVIA, future rounds of funding.

Related reading

LEAVE A REPLY

Please enter your comment!
Please enter your name here