Nuvacore, a chip startup backed by Sequoia Capital, is planning to raise hundreds of millions of dollars at a valuation of approximately $2.5 billion. Founded just six months ago, the company previously secured a seed round led by Sequoia but has not yet released any products. The new capital will be used to develop CPUs specifically designed for data centers. This funding push comes as investor interest in the data center CPU sector intensifies alongside rising demand for computing power in AI applications.