Three people familiar with the matter said chip-design startup Bolt Graphics is
seeking roughly $100 mln in financing at an implied valuation near $700 mln. The
The company aims to develop graphics chips to compete with NVIDIA (NVDA.O) and AMD
(AMD.O), focusing on non-AI segments such as high-precision compute for
supercomputers and video-game graphics. The fundraising is ongoing and the
target raise and valuation could change, the sources said.
