Sequoia-backed chip startup Nuvacore raising funds at about a $2.5 billion valuation, sources say
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Sequoia-backed semiconductor startup Nuvacore is reportedly raising new funding at a valuation of approximately $2.5 billion amid surging investor demand for artificial intelligence hardware and advanced data center chips. Founded earlier in 2026, the company focuses on building general-purpose CPU cores optimized for high-performance workloads and agentic computing. This fundraising effort highlights a broader resurgence in venture capital appetite for hardware startups, with global semiconductor funding significantly outpacing previous years.