- Velaura AI on Tuesday said it raised $110 million in a Series A funding round that valued the chip designing startup at more than $1 billion, with investors backing its technology that can lower power consumption and operating costs at AI data centers.
- The funding round was led by Seligman Ventures, with participation from new investor Capricorn Investment Group.
- Existing investors Samsung Catalyst Fund, StepStone Group, and Maverick Silicon also participated.
- The startup said the funds will be used to speed up development and deployment of its AI products and hire more engineers and customer-facing staff.
- Earlier this year, Velaura announced Titan Core, its proprietary chip design platform targeting greater efficiency and power savings in data center workloads.
- 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."
Velaura AI has raised $110 million in Series A funding, achieving a valuation exceeding $1 billion. The funding, led by Seligman Ventures and joined by Capricorn Investment Group, aims to accelerate the development of its innovative chip design technology.12
"The next era of AI will be defined not only by better models, but also by fundamentally better compute economics," stated Rajiv Khemani, co-founder and CEO of Velaura AI. The startup plans to utilize the funds to enhance its AI products and expand its engineering and customer-facing teams.6
Earlier this year, Velaura introduced Titan Core, its proprietary chip design platform, which targets improved efficiency and power savings in data center workloads. The participation of existing investors, including Samsung Catalyst Fund, StepStone Group, and Maverick Silicon, underscores confidence in Velaura's mission to optimize AI data centers.35
As AI technology continues to evolve, Velaura AI's focus on reducing power consumption and operating costs positions it as a key player in the industry, aiming to redefine compute economics for the next generation of AI applications.
“The funding round, led by Seligman Ventures and including Capricorn Investment Group, aims to accelerate the development of Velaura's AI products and expand its engineering team. CEO Rajiv Khemani emphasized that the future of AI will hinge on improved compute economics alongside better models.”
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