Velaura AI raises $110M series A at $1B+ valuation to tackle AI’s growing power problem - Tech Startups

Velaura AI raises $110M series A at $1B+ valuation to tackle AI’s growing power problem - Tech Startups

The AI race is running into a constraint that bigger models and faster chips cannot solve on their own: electricity. Velaura AI bets that the solution starts inside the chip. The Silicon Valley AI infrastructure startup announced Tuesday that it […] The post Velaura AI raises $110M series A at $1B+ valuation to tackle AI’s growing power problem first appeared on Tech Startups.

Chip designer Velaura AI valued at more than $1 billion in funding round

Aug 18 (Reuters) – 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 Ma…