aceChip designer Velaura AI valued at more than $1 billion after funding round
Aug 18 (Reuters) - Velaura AI was valued at more than $1 billion on Tuesday after raising $110 million in a Series A funding round, with investors backing the startup's chip design technology for lowering power consumption and operating costs at AI data centers.
Velaura AI's chip design technology lowers power consumption and operating costs at AI data centers, which helped it raise $110 million Series A and exceed $1 billion valuation.
Evidence
- JournalismThe Star2026-08-18
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Truvace Impact Record TRV-2026-0834, v1: “Chip designer Velaura AI valued at more than $1 billion after funding round.” Truvace, 2026-08-19. /record/TRV-2026-0834 (accessed at citation time). sha256 2d799cf6cd113502…
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