Velaura AI, a developer of low-power semiconductor and software solutions for data centers and physical AI systems, has achieved a valuation exceeding $1 billion following a $110 million Series A funding round announced on Tuesday.
The round was led by Seligman Ventures, with Capricorn Investment Group participating as a new investor. Existing backers Samsung Catalyst Fund, StepStone Group and Maverick Silicon also contributed to the financing. The company did not disclose the valuation figure at the time of the announcement.
Velaura AI focuses on reducing power consumption and operational costs in data centers through its chip designs and software technologies, which are also applied in robotics and autonomous systems. The company plans to allocate the new capital toward accelerating product development and deployment, as well as expanding its engineering and customer-facing teams.
Earlier this year, Velaura AI introduced Titan Core, a proprietary chip design platform designed to enhance efficiency and power savings in data center workloads. The platform targets workloads that demand high computational performance while minimizing energy use.
Rajiv Khemani, co-founder and CEO of Velaura AI, stated, “The next era of AI will be defined not only by better models, but also by fundamentally better compute economics.”
