It has been an interesting few weeks in the ARM world with Nvidia’s purchase, pending, of the British IP house. Given the trepidation around the ARM ecosystem at the moment, it is pretty impressive that Nuvia has closed a funding round in the middle of this uncertainty. Then again if the rumors about the Phoenix core’s ISA flexibility are true, it may just be the selling point that closed the deal.
In any case the Series B round is significantly higher than the first round coming in at $240M vs $53M last time. This time the list of people stepping up and putting a few coins in the busker’s oboe case (1) include Mithril Capital, Sehat Sutardja and Weili Dai (founders of Marvell Technology Group), BlackRock, Fidelity Management & Research Company, LLC., and Temasek, with Atlantic Bridge, Redline Capital, Capricorn Investment Group, Dell Technologies Capital, Mayfield, Nepenthe LLC and WRVI Capital also chipping in. Basically Nuvia has all the original funders tossing in a bit more plus a few new names a few new names.
With this pretty hefty funding round closed it looks like Nuvia will have enough money to get their first CPU out the door without worrying too much about whether that slightly longer USB cable someone just bought will be reimbursed on their next expense report. Normally we make a crack here about the new cars in the Nuvia corporate garages looking really shiny but we know the founders and key people, frivolity isn’t their game. They now have the means to do the job and will do it. Then buy the expensive toys, but not frivolously. Now we will have to wait and see what they come out with.S|A
(1) All joking aside, two days ago while I was out biking I saw a guy playing an oboe for donations. That was a first for me, the competition is probably pretty slim in that field.