Velaura AI raises $110M to develop power-efficient AI chips

Velaura AI Inc., a developer of low-power artificial intelligence chips, today announced that it has raised $110 million in funding. Seligman Ventures led the Series A round. It was joined by Samsung Catalyst Fund, Mayfield and more than a half-dozen others. Velaura is now valued at more than $1 billion. The deal comes six months […] The post Velaura AI raises $110M to develop power-efficient AI chips appeared first on SiliconANGLE .