FuriosaAI, Nuvacore, D-Matrix Join Chip Funding Spree

Startups that make chips and related hardware smell cash in the air. Venture capitalists are more eager than they’ve been in years to fund these capital-intensive businesses, excited by Nvidia’s $20 billion Groq deal and signs other strategic buyers are circling. Founders are seizing the moment.

Nuvacore, a startup focused on designing new central processing units that was founded by former Apple chip engineers, came out of stealth mode just three months ago with a seed round led by Sequoia Capital. Now Nuvacore, whose founders sold their prior startup to Qualcomm, is close to raising an additional $200 million, or more, according to a person who talked to Nuvacore’s executives.