Velaura AI was valued at more than $1 billion after raising $110 million in a Series A funding round led by Seligman Ventures, with Capricorn Investment Group, Samsung Catalyst Fund, StepStone Group and Maverick Silicon participating. The startup develops low-power chips and software for data centers and physical AI applications, including robotics and autonomous systems. It will use the proceeds to accelerate product development and deployment and to hire engineers and customer service personnel. Velaura is also in talks with three of the four major cloud service providers about becoming potential customers, but has not identified them. Earlier this year, it unveiled Titan Core, a proprietary chip design platform aimed at improving efficiency and reducing power consumption in data center workloads. Its technology has been deployed in more than 30 million chips, and the company uses a business model that combines upfront licensing fees with a share of customers' energy savings, similar to Arm's early chip-licensing approach.