Nuvia Acquisition, Valuation, Funding & Investors

Nuvia was acquired by Qualcomm for $1.4B in January 2021.

See full Nuvia profile

Nuvia acquisition price

$1.4B

Acquired by Qualcomm · Jan 2021

Cumulative funding Nuvia raised

$293M

across 2 funding rounds

Key investors in Nuvia

  • Mayfield Fund
  • Dell Technologies Capital
  • Celesta Capital
  • Capricorn Investment Group
  • Temasek
  • Fidelity
  • BlackRock
  • Atlantic Bridge

Nuvia Overview

About Nuvia

Nuvia is a Silicon Valley semiconductor company designing high-performance processors for data center servers and compute-intensive applications. Acquired by Qualcomm in 2021 for $1.4 billion, Nuvia's chipsets deliver superior power efficiency and security compared to traditional architectures, targeting cloud computing and AI workloads. The firm's Rhea and Phoenix cores power next-generation server CPUs, enabling faster performance per watt in environments like hyperscale data centers.


Founded

2019

HQ

United StatesSan Jose, CA

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.4B (acquired Jan 2021)

Nuvia Acquisition

Nuvia was acquired by Qualcomm for $1.4B on 13 January 2021.

Before the acquisition Nuvia had raised $293M across 2 funding rounds.

Nuvia acquisition details
AcquirerDateTypePrice
13 Jan 2021Strategic M&A$1.4B

Nuvia Funding History

Nuvia has raised a total of $293M across 2 funding rounds.

Nuvia's first fundraising round was a $53M Series A in November 2019. The most recent completed round was a $240M Series B in September 2020.

Nuvia funding rounds

Nuvia funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2020Series BMithril Capital Management (lead); Temasek; Fidelity; Weili Dai; Redline Capital; Atlantic Bridge; BlackRock; Sehat Sutardja; Capricorn Investment Group; Dell Technologies Capital; Celesta Capital; Mayfield Fund$240MNuvia, a silicon design company founded in early 2019 by former Apple, Google, and other chip industry executives Gerard Williams III, John Bruno, and Manu Gulati, develops high-performance ARM-based CPUs and SoCs like Phoenix and Orion targeted at data center workloads, emphasizing performance per watt, energy efficiency, scalability, and cost ownership. The company raised $240 million in its Series B funding round on September 24, 2020, led by Mithril Capital Management in partnership with Marvell founders Sehat Sutardja and Weili Dai, with participation from BlackRock, Fidelity, Temasek, Atlantic Bridge, Redline Capital, Capricorn Investment Group, Dell Technologies Capital, Mayfield, Nepenthe LLC, and WRVI Capital. This brought Nuvia's total funding to $293 million across seed, Series A ($53 million), and Series B rounds. Nuvia's team includes veterans from AMD, Apple, ARM, Broadcom, Google, and recent hires from Intel, positioning it to challenge Intel and AMD in data center computing with reimagined silicon for compute-intensive, low-power applications. The funding supports advancing product development, supplier relationships, and customer engagements for its processor family. Preliminary benchmarks for Phoenix showed significant gains in performance per watt on cloud workloads. Mayfield, an early investor from the seed stage, highlighted Nuvia's progress from idea to milestone, noting its potential to disrupt massive industries alongside peers like Fungible. Despite ongoing litigation with Apple over alleged breach of contract and employee poaching, the round reflects strong investor confidence in Nuvia's technology and market positioning in Silicon Valley's silicon resurgence.
Nov 2019Series ACapricorn Investment Group (lead); Celesta Capital (lead); Dell Technologies Capital (lead); Mayfield Fund (lead)$53MNUVIA Inc., a Santa Clara-based silicon design company founded in early 2019 by John Bruno, Manu Gulati, and Gerard Williams III, announced the close of its Series A funding round on November 15, 2019, raising $53 million. The round was co-led by Capricorn Investment Group, Dell Technologies Capital, Mayfield, and WRVI Capital, with additional participation from Nepenthe LLC. The founders bring extensive experience from leadership roles at Google, Apple, ARM, Broadcom, and AMD, collectively driving over 20 chips and holding more than 100 patents. NUVIA aims to reimagine silicon design for data centers, delivering superior compute performance, power efficiency, and scalability to address growing data processing demands from high-speed access, rich media, and connectivity. The funding supports NUVIA's mission amid a silicon renaissance driven by the end of Moore’s Law, targeting cloud-native, data-dominated, AI-powered IoT environments. Investors like Mayfield's Navin Chaddha highlighted the need for innovative semiconductors in this landscape. NUVIA focused on high-performance computing for cloud environments, differentiating from consumer-oriented efforts like Apple's. Total funding later reached $293 million with 85 employees. The company positioned itself to meet escalating compute needs with a step-function improvement in performance and efficiency.

Who has invested in Nuvia?

12 investors have backed Nuvia across its funding rounds, including Mayfield Fund, Dell Technologies Capital, Celesta Capital, Capricorn Investment Group, Temasek and Fidelity.

Lead investors include Mithril Capital Management, Capricorn Investment Group, Celesta Capital, Dell Technologies Capital and Mayfield Fund.


Nuvia Investors

Investors in Nuvia by funding rounds participated
InvestorHQRoundsRoleFirst check
Capricorn Investment GroupUnited StatesSan Francisco, CA2LeadNov 2019
Dell Technologies CapitalUnited StatesSan Francisco, CA2LeadNov 2019
Celesta CapitalUnited StatesSan Francisco, CA2LeadNov 2019
Mayfield FundUnited StatesUnited States2LeadNov 2019
TemasekSingaporeSingapore1ParticipantSep 2020
FidelityUnited StatesBoston, MA1ParticipantSep 2020
Weili DaiUnited StatesSan Jose, CA1ParticipantSep 2020
Redline CapitalLuxembourgLuxembourg1ParticipantSep 2020
Atlantic BridgeIrelandDublin1ParticipantSep 2020
BlackRockUnited StatesUnited States1ParticipantSep 2020

This data is available for Pro users. Sign up to see all 12 Nuvia investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Nuvia Competitors

Nuvia competitors include listed companies like POET Technologies, Koh Young, Parade Technologies and Supreme Electronics, and private ones like DataBox and Yuze Semiconductor.

Public and private companies comparable to Nuvia
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
POET TechnologiesCanadaCanadaPublicly listed$1M($60M)$1.3B106.5x
DataBoxChinaSuzhouPrivate--$500M-
Koh YoungSouth KoreaSouth KoreaPublicly listed$169M$21M$1.4B5.9x
Yuze SemiconductorChinaKunmingPrivate--$1.4B-
Parade TechnologiesChinaChinaPublicly listed$519M$109M$1.3B1.9x
Supreme ElectronicsTaiwanTaiwanPublicly listed$7.1B$170M$1.5B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Koh Young$169M$21M7.5x5.9x60.1x31.1x
Axera Semiconductor$84M($152M)18.0x-(9.9x)-
Shenzhen Q and D Circuits$142M$27M9.2x-49.0x-
Parade Technologies$519M$109M2.0x1.9x9.4x9.8x
Supreme Electronics$7.1B$170M0.6x-26.8x-
Faraday Technology$565M$58M2.1x2.7x20.7x18.0x
SUESS MicroTec$579M$89M2.4x2.5x15.6x18.3x
ShunSin$236M$33M6.5x-46.4x-

This data is available for Pro users. Sign up to see all Nuvia competitors and their valuation data.

Start Free Trial

Common questions about Nuvia

When was Nuvia founded?Nuvia was founded in 2019.
Where is Nuvia headquartered?Nuvia is headquartered in San Jose, CA, United States.
Is Nuvia publicly listed?No, Nuvia was acquired by Qualcomm in January 2021.
Who acquired Nuvia?Nuvia was acquired by Qualcomm in January 2021.
How much was Nuvia acquired for?Nuvia was acquired for $1.4B in January 2021.
How much funding has Nuvia raised?Nuvia has raised $293M across 2 funding rounds.
What was Nuvia's last funding round?Nuvia's last funding round was a $240M Series B in September 2020, led by Mithril Capital Management.
Who are Nuvia's investors?Nuvia's investors include Capricorn Investment Group, Dell Technologies Capital, Celesta Capital, Mayfield Fund, Temasek, Fidelity, Weili Dai, Redline Capital, Atlantic Bridge, BlackRock and 2 others.
Which companies are comparable to Nuvia?Companies comparable to Nuvia include POET Technologies, DataBox, Koh Young, Yuze Semiconductor, Parade Technologies and Supreme Electronics.

See companies similar to Nuvia

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial