Velaura AI Secures $110M Series A Funding, Valuation Tops $1 Billion

A Velaura AI has secured $110 million in Series A funding, taking its valuation past $1 billion. The company's founders have a history of successful exits, including the sale of Innovium to Marvell for $1.1 billion and NUVIA to Qualcomm for $1.5 billion.

Velaura AI was previously known as Auradine, which developed bitcoin mining chips using an in-house 3nm ASIC. However, the company has since shifted its focus to ultra-low-power AI compute technology, launching Titan Core, a digital chip IP and design platform that offers a 2-4x improvement in performance per watt.

The company's technology has been validated at commercial scale, with over 30 million ASICs shipped on leading process nodes. Velaura is now extending its architecture into data center AI accelerators and Physical AI, which includes intelligent robots, drones, and other embodied systems.