NUVIA secures US$240 million Series B funding round

KUALA LUMPUR, Sept 25 -- NUVIA, a leading-edge silicon design company has closed its Series B funding round, raising US$240 million as it accelerates plans to deliver industry leading CPU performance to the data centre. (US$1 = RM4.166)

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.

This includes additional participation from Atlantic Bridge, Redline Capital, Capricorn Investment Group, Dell Technologies Capital, Mayfield, Nepenthe LLC and WRVI Capital.

“We’re very fortunate to have an incredible group of investors behind us as we close Series B and take the next steps in our vision to redefine performance, energy efficiency, scalability, compute density and total cost of ownership within the data centre, said NUVIA Chief Executive Officer, Gerard Williams III.

According to a statement, the closure of NUVIA’s Series B round builds on a US$53 million Series A round, raised in November 2019.

Headquartered in Santa Clara, NUVIA is building a leading-edge SoC and CPU core, codenamed ‘Orion’ and ‘Phoenix’, that are designed to deliver industry leading performance on real cloud workloads.

More details at www.nuviainc.com.

-- BERNAMA