Sequoia Capital-backed chip startup Nuvacore plans to seek a new round of funding at a $2.5 billion valuation.

According to Reuters, sources familiar with the matter reported that chip startup Nuvacore, backed by Sequoia Capital, is seeking to raise several hundred million dollars in funding at a valuation of approximately $2.5 billion. Founded just six months ago, the company has already completed a seed round led by Sequoia Capital and has yet to launch any products. It plans to develop a new type of central processing unit (CPU) tailored for data centers. As the demand for computing power from AI applications continues to grow, the data center CPU market has attracted significant investor interest. These CPUs are designed to coordinate tasks across AI chips and run autonomous AI software agents, optimizing performance for common computing workloads associated with data center and AI infrastructure.