Chip designer Velaura AI valued at more than $1 billion in funding round
Velaura AI said on Tuesday 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.
Here are some details:
