SANTA CLARA — NUVIA Inc., a company looking to reimagine the design of silicon chips for data centers, has closed a Series A funding round of $53 million. The round was co-led by Silicon Valley investors Capricorn Investment Group, Dell Technologies Capital, Mayfield and WRVI Capital, with additional participation from Nepenthe LLC.
NUVIA was founded in early 2019 with the goal of reimagining silicon design to deliver industry-leading performance and energy efficiency for the data center. The company was founded by John Bruno, Manu Gulati and Gerard Williams III, who have collectively driven system engineering and silicon design for more than 20 chips, with more than 100 patents granted to date. NUVIA’s founders bring a rich silicon design heritage, having held engineering leadership roles at Google, Apple, ARM, Broadcom and AMD.
“The world is creating more data than it can process as we become increasingly dependent on high-speed information access, always-on rich media experiences and ubiquitous connectivity,” said Gerard Williams III, CEO, NUVIA. “A step-function increase in compute performance and power efficiency is needed to feed these growing user needs. The timing couldn’t be better to create a new model for high-performance silicon design with the support of a world-class group of investors.”
“The compute-intensive demands of next-generation platforms are stretching the conventional limitations of the semiconductor industry,” said Dipender Saluja, Managing Partner of Capricorn’s Technology Impact Fund. “What’s needed is a new approach to silicon design that provides non-linear increases in performance and energy efficiency. We’re excited to partner with NUVIA on this journey as they realize this promise for the next era of semiconductors and computing.”
Scott Darling, President of Dell Technologies Capital said: “The formation of NUVIA is a prime example of remarkable innovation born in Silicon Valley. The best companies start when founders with outstanding track records of performance come together to identify a big problem and line up the best investment team to help them succeed. As part of that team, we’re focused on providing NUVIA with DTC’s unique value and market leverage.”]