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
Website
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.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 13 Jan 2021 | Strategic 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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2020 | Series B | Mithril Capital Management (lead); Temasek; Fidelity; Weili Dai; Redline Capital; Atlantic Bridge; BlackRock; Sehat Sutardja; Capricorn Investment Group; Dell Technologies Capital; Celesta Capital; Mayfield Fund | $240M | Nuvia, 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 2019 | Series A | Capricorn Investment Group (lead); Celesta Capital (lead); Dell Technologies Capital (lead); Mayfield Fund (lead) | $53M | NUVIA 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Nov 2019 | ||
| 2 | Lead | Nov 2019 | ||
| 2 | Lead | Nov 2019 | ||
| 2 | Lead | Nov 2019 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Participant | Sep 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 TrialNuvia Competitors
Nuvia competitors include listed companies like POET Technologies, Koh Young, Parade Technologies and Supreme Electronics, and private ones like DataBox and Yuze Semiconductor.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1M | ($60M) | $1.3B | 106.5x | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $169M | $21M | $1.4B | 5.9x | ||
| Private | - | - | $1.4B | - | ||
| Publicly listed | $519M | $109M | $1.3B | 1.9x | ||
| Publicly listed | $7.1B | $170M | $1.5B | - |
Nuvia Public Comps
Nuvia is no longer listed, but its public comps include Koh Young, Axera Semiconductor, Shenzhen Q and D Circuits, Parade Technologies, Supreme Electronics, Faraday Technology, SUESS MicroTec, ShunSin, POET Technologies and Ambiq Micro.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $169M | $21M | 7.5x | 5.9x | 60.1x | 31.1x | |||
| $84M | ($152M) | 18.0x | - | (9.9x) | - | |||
| $142M | $27M | 9.2x | - | 49.0x | - | |||
| $519M | $109M | 2.0x | 1.9x | 9.4x | 9.8x | |||
| $7.1B | $170M | 0.6x | - | 26.8x | - | |||
| $565M | $58M | 2.1x | 2.7x | 20.7x | 18.0x | |||
| $579M | $89M | 2.4x | 2.5x | 15.6x | 18.3x | |||
| $236M | $33M | 6.5x | - | 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. |
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