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

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.

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".