Three former Meta and Google silicon executives on Monday announced they've raised a total of $100 million to build technology they say will reduce cloud companies' spend on data center buildouts.

Called Majestic Labs, the startup's co-founders are Ofer Shacham, Sha Rabii and Masumi Reynders, all of whom spent years working together leading silicon products at Meta and Google. Majestic's patent-pending silicon design architecture includes 1,000 times the memory of a typical enterprise-grade server, the co-founders told CNBC.

Majestic develops its entire chip system, much like Nvidia , but each of the startup's servers may replace up to 10 of today's leading racks, they said.

The company closed its $71 million Series A funding round in September, led by Bow

See Full Page