16 November 2019:
NUVIA has raised $53 million in Series A round of funding. The funding round was co-led by prominent Silicon Valley investors Capricorn Investment Group, Dell Technologies Capital, Mayfield and WRVI Capital, with additional participation from Nepenthe LLC.
Gerard Williams III, CEO, NUVIA, said, “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.”
Gerard, added, “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.”
Dipender Saluja, Managing Partner of Capricorn’s Technology Impact Fund, said, “The compute-intensive demands of next-generation platforms are stretching the conventional limitations of the semiconductor industry.”
Dipender Saluja, added, “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.”
Navin Chaddha, Managing Director of Mayfield, said, “We are witnessing a renaissance of silicon, as with the end of Moore’s Law, new semiconductors are required for a cloud-native, data-dominated, AI-powered IoT world. It is an honor to partner with John, Manu, Gerard and their team as they put silicon back into Silicon Valley.”
NUVIA was founded by was founded by John Bruno, Manu Gulati and Gerard Williams III in early 2019. It was founded on the promise of reimagining silicon design for high-performance computing environments.
(Image – NUVIA)