NUVIA, a silicon design company for high-performance computing environments, has announced the close of its Series B funding round, raising $240 million. Headquartered in Santa Clara, NUVIA was founded in February 2019 with the vision to create the world’s leading server processor.
“The opportunity in front of NUVIA has never been brighter, with an industry that’s looking for a new way to get the performance needed to power the next generation of cloud and enterprise computing,” said Gerard Williams III, CEO and co-founder of NUVIA. “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 center.”
The new funding round is expected to help Nuvia finish development of its data center chips. These new server chips are expected to reach customers by 2022.
This 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 is building a “leading-edge” SoC and CPU core, codenamed ‘Orion’ and ‘Phoenix.’ These are designed to deliver “industry leading” performance on real cloud workloads. Nuvia develops its server chips with technology powered by Arm.
The closure of NUVIA’s Series B round builds on a $53M Series A round, raised in November 2019. The company recently announced the opening of new offices in Austin, Texas.
The founders of NUVIA, John Bruno, Manu Gulati and Gerard Williams III, combined, have been granted more than 100 patents related to system engineering and silicon design. The new company is made up of ex-Apple and Google engineers. Next to Apple and Google, its founders previously held engineering roles at ARM, Broadcom and AMD.