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Nuvia raises $240 million, plans to dominate CPU perf in data centers

Nuvia closes its Series B funding round after securing $240 million, will forge ahead with next-gen SoC and CPU technologies.

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Nuvia is currently in the process of creatring an ARM-based CPU core and server SoC, codenamed Orion and Phoenix -- and now the company has just secured more funds to make that happen.

Nuvia raises $240 million, plans to dominate CPU perf in data centers 04

In a new Series B funding round, Nuvia raised $240 million in the fresh funding round from Mithril Capital in partnership with Sehat Sutardja and Weili Dai (who are the founders of Marvell Technology Group), funds and accounted 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.

Back in November 2019, Nuvia held its Series A funding round where it raised $53 million. This new injection of funds will help the new company, that was founded in February 2019 by John Bruno, Manu Gulati, and Gerard Williams with the vision of creating the world's leading server processor.

Nuvia CEO Gerard Williams III explains: "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".

He continued: "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".

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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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