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Naveen Rao's New AI Hardware Startup Raising $1B with Backing From A16z, Targeting $5B Valuation
Growth StageAIVenture Capital

Naveen Rao's New AI Hardware Startup Raising $1B with Backing From A16z, Targeting $5B Valuation

P
Pulse
•October 3, 2025
P
Pulse•Oct 3, 2025
0

Participants

Andreessen Horowitz

Andreessen Horowitz

investor

Deal Summary

Naveen Rao, former Databricks AI chief, is raising $1 billion to build an AI hardware company aimed at competing with Nvidia, with backing from Andreessen Horowitz (a16z). The startup is targeting a $5 billion valuation in the raise and plans to pursue a novel approach to AI chips.

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