Velaura AI
Category: AI Chips / Semiconductors
Silicon Valley AI compute infrastructure company (formerly Auradine) delivering ultra-low-power silicon and software for cloud, edge, and physical AI applications. Velaura AI was founded in 2022. The company is led by Rajiv Khemani. Based in Santa Clara, California, USA. Team size: 101-500. Total funding raised: $424M. Latest round: Series A. Key investors include Seligman Ventures, Capricorn Investment Group, Prosperity7 Ventures, Mayfield, Maverick Silicon, MARA Holdings, Premji Invest, Samsung Catalyst Fund, StepStone Group, Celesta Capital, Qualcomm Ventures, Top Tier Capital Partners.
- Founded
- 2022
- Headquarters
- Santa Clara, California, USA
- Team size
- 101-500
- Total funding
- $424M
Value proposition
Delivers proven, patented ultra-energy-efficient digital design technology that reduces AI accelerator power consumption by 2-4x on math operations (MATMUL and other arithmetic), addressing power and thermal constraints that limit AI compute deployment.
Products and solutions
Titan Core™ — proprietary digital chip IP and design platform for ultra-low-power AI accelerators at advanced 3nm/2nm process nodes, low-power AI compute for cloud, edge, and physical AI.
Unique value
Proven production history — technology deployed in 30M+ ASICs across advanced semiconductor process nodes with world-class yield and reliability, combined with 2-4x performance-per-watt improvement for AI math operations.
Target customer
Hyperscale data center operators, AI infrastructure builders, and Physical AI system makers (robots, drones, autonomous machines).
Industries served
AI data center infrastructure, semiconductors, Physical AI (robotics, drones, autonomous systems), blockchain/bitcoin mining (legacy Auradine business).
Technology advantage
Patented ultra-energy-efficient digital design technology enabling lower-voltage operation at leading 3nm/2nm nodes; field-proven across tens of millions of ASICs; deep semiconductor engineering DNA from Apple, NVIDIA, Google, Qualcomm, Marvell veterans.
How they differentiate
Focuses on chip-design-level IP (Titan Core) that improves performance-per-watt of math operations in AI accelerators, backed by proven ASIC production history (30M+ deployed) rather than unproven lab technology.
Main competitors
Groq (LPU inference accelerators), Mythic / Efficient Computer (ultra-low-power AI silicon), SiMa.ai / Hailo / Axelera (edge & physical AI platforms)
Key partnerships
Engaged with multiple hyperscalers (undisclosed), strategic partners in AI infrastructure and Physical AI, investors include Samsung Catalyst Fund, Qualcomm Ventures, MARA Holdings.
Notable customers
MARA Holdings (bitcoin mining, legacy Auradine), Genesis Digital Assets (bitcoin miners), multiple undisclosed hyperscalers for AI compute.
Major milestones
Founded 2022 as Auradine, $81M Series A (2023), $80M Series B (2024), $153M Series C (2025), rebranded to Velaura AI (March 2026), launched Titan Core platform (2026), $110M Series A at $1B+ valuation (Aug 2026).
Growth metrics
Technology deployed in 30M+ ASICs; $80M in bookings at Series B (2024); $73M worth of bitcoin miners shipped to MARA in H1 2025 (legacy Auradine business).
Market positioning
Unicorn ($1B+ valuation) AI compute infrastructure company targeting the power-efficiency bottleneck in AI data centers and Physical AI, positioned as a chip IP/design platform provider rather than a full accelerator vendor.
Geographic focus
Global; headquartered in Silicon Valley (Santa Clara, CA), targeting hyperscale data centers and Physical AI markets worldwide.
Patents and IP
Patented technology for ultra energy-efficient digital design in leading semiconductor process nodes (per company and Celesta Capital).
About Rajiv Khemani
Ex-Co-founder & CEO of Innovium (cloud-optimized network switching, sold to Marvell for ~$1.3B in 2021); Ex-COO of Cavium (led to IPO); executive roles at Intel. IIT Delhi graduate.
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Official website: https://velaura.ai
