Velaura raises $110mn to sell AI chips that cut the power bill, not the clock speed

Velaura AI, a Santa Clara startup, raised $110 million in Series A funding, reaching a $1 billion valuation. The company develops ultra-low-power AI chips that improve energy efficiency without sacrificing performance, targeting data centers facing power constraints. Velaura licenses its Titan Core chip design platform, earning royalties based on power savings achieved by customers.