Sequoia-Backed Chip Startup Nuvacore Raising Funds at About $2.5 Billion Valuation
Sequoia Capital-backed chip startup Nuvacore is raising funds at a valuation of about $2.5 billion, sources told reporters on October 10, in the latest sign that investor appetite for AI hardware has fully returned after a decade of venture capital treating chips as too slow and too capital-intensive to bother with.