Velaura AI Valued Above $1 Billion After $110 Million Funding Round -

AI chip startup Velaura AI has reached a valuation of more than $1 billion after raising $110 million in a Series A funding round, as investors back its technology aimed at reducing the power consumption and operating costs of artificial intelligence data centres.

The funding round was led by Seligman Ventures, with participation from new investor Capricorn Investment Group. Existing investors, including Samsung Catalyst Fund, StepStone Group and Maverick Silicon, also joined the round.

Velaura AI develops low-power chips and software designed for data centres as well as emerging physical AI applications such as robotics and autonomous systems. The company said the new funding will be used to accelerate the development and deployment of its AI products and expand its workforce, particularly in engineering and customer-facing roles.

Earlier this year, the startup introduced Titan Core, its proprietary chip-design platform focused on improving efficiency and reducing power consumption in data-centre workloads.

The investment comes as the rapid expansion of AI services drives growing demand for computing power and electricity. Technology companies and data-centre operators are increasingly seeking more efficient chips and infrastructure to control the rising costs associated with running advanced AI models.

“The next era of AI will be defined not only by better models, but also by fundamentally better compute economics,” Velaura AI co-founder and CEO Rajiv Khemani said.

The company aims to position its low-power computing technology as a solution to the growing energy and infrastructure demands of the global AI industry.-ERMD/TS

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