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Chip designer Velaura AI valued at over $1 billion after raising $110 million in Series A funding
The funding round was led by Seligman Ventures, with participation from Capricorn Investment Group, 三星 Catalyst Fund, StepStone Group, and Maverick Silicon. Velaura AI develops low-power chips and software for AI data centers, robotics, and autonomous systems, aiming to lower power consumption and operating costs. The funds will be used to accelerate product development and deployment, and to hire more engineers.
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