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Qualcomm pays $1.4B for Nuvia, a server chip designer founded by ex-Apple execs

Qualcomm pays $1.4B for Nuvia, a server chip designer founded by ex-Apple execs
But Qualcomm won t just use Nuvia s high-performance and battery efficient technology for data centers. It plans to bring the innovations to its mobile, computer and auto processors.
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Nuvia has been trying to change data centers by designing high-performance chips that are more power efficient like mobile processors.
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Qualcomm is betting big on a company designing powerful but power-efficient chips for data centers $1.4 billion big. The company on Wednesday said it has reached a deal to acquire Nuvia, a two-year-old startup run by former Apple chip executives. ....

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Mithril Capital Management Closes its Second Growth Fund, at $740M – Finsmes

Mithril Capital Management Closes its Second Growth Fund, at $740M – Finsmes
finsmes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finsmes.com Daily Mail and Mail on Sunday newspapers.

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India: InMobi's content platform Glance turns unicorn in less than 2 years

India: InMobi’s content platform Glance turns unicorn in less than 2 years
Photo by Sam McGhee on Unsplash
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Mobile-advertising entity, InMobi has seen a second unicorn emerge from its group, as its lock screen platform subsidiary, Glance has raised $145 million in a primary investment round from Google and existing investor Mithril Capital.
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InMobi's Glance turns unicorn in less than 2 years

InMobi’s Glance turns unicorn in less than 2 years
The Google strategic investment also allows Glance to seek deeper integrations with the Android ecosystem, worldwide.
(InMobi/LinkedIn)
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Mobile-advertising entity, InMobi has seen a second unicorn emerge from its group, as its lock screen platform subsidiary, Glance has raised $145 million in a primary investment round from Google and existing investor Mithril Capital.
Two individuals aware of the deal, saidthat the funding values the firm at a little over $1 billion dollars. InMobi and Glance did not confirm the valuation to Mint, until press time.
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InMobi's Glance turns unicorn with $145 mn investment from Google, Mithril

Glance, the world’s leading lock-screen platform owned by Bengaluru-based mobile ad network InMobi Group, has raised $145 million from technology (tech) giant Google and Silicon Valley billionaire Peter Thiel’s Mithril Capital, an existing investor in the company.
A co-founder of PayPal and Big Data firm Palantir Technologies, Thiel is known to have invested in Facebook, Airbnb, and SpaceX.
The new financing round has helped the 18-month-old Glance to become the fastest company to reach unicorn status or a start-up valued at more than $1 billion, revealed industry sources.
InMobi itself became India’s first unicorn when it received an investment of $200 million from SoftBank in 2011. ....

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