Velaura AI raises $110M to develop power-efficient AI chips

Velaura AI Inc., a developer of low-power artificial intelligence chips, has raised $110 million in a Series A funding round led by Seligman Ventures, with participation from Samsung Catalyst Fund, Mayfield, and more than a half-dozen other investors. The company is now valued at more than $1 billion, six months after its founding.

Velaura AI raises $110M to develop power-efficient AI chips By Maria DeutscherSource: SiliconANGLE https://siliconangle.com Velaura AI Inc., a developer of low-power artificial intelligence /glossary/artificial-intelligence chips, today announced that it has raised $110 million in funding. Seligman Ventures led the Series A round. It was joined by Samsung Catalyst Fund, Mayfield and more than a half-dozen others. Velaura is now valued at more than $1 billion. The deal comes six months … The post Velaura AI raises $110M to develop power-efficient AI chips https://siliconangle.com/2026/08/18/velaura-ai-raises-110m-to-develop-power-efficient-ai-chips/ appeared first on SiliconANGLE https://siliconangle.com . Get AI news in your inbox Daily digest of what matters in AI.