According to CoinMeta, Velaura AI has completed a $110 million Series A financing round, with a post-investment valuation of over $1 billion. This financing round was led by Seligman Ventures, and early investors included rn, Investment Group, Samsung Catalyst Fund, StepStone Group, and Maverick Sil. Velaura AI develops low-power chips and software technologies for data centers, robots, and autonomous driving systems. The funds will be used to accelerate the development and deployment of artificial intelligence products, as well as to expand the engineering and customer service teams. This technology has been deployed in over 30 million chips and the company is currently in talks with three of the four major cloud computing service providers.