Velaura AI Raises $110M Series A for Low Power Chips
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Velaura AI announced on August 18, 2026 that it had raised $110 million in Series A financing, a round that values the company at more than $1 billion.
Seligman Ventures led the deal. Capricorn Investment Group, Prosperity7 Ventures, Mayfield, Maverick Silicon, MARA, Premji Invest, Samsung Catalyst Fund and StepStone Group all participated.
The company, previously known as Auradine, sells an ultra low power silicon and software platform for AI compute infrastructure. Its Titan Core platform delivers a 2-4x improvement in performance per watt on the mathematical operations that run inside AI accelerators, which is a different bet from the industry habit of chasing raw speed.
Velaura works out of Santa Clara. The semiconductor company has kept its base in California through the name change from Auradine.
The plan for the money is to accelerate development and commercialization of the AI compute portfolio, Titan Core included, with a portion going toward hiring across engineering and customer facing teams. Velaura also intends to deepen its work with strategic partners and customers.
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