Ex-cryptominer Velaura AI secures $110M for low-power AI hardware
A startup that pivoted from cryptocurrency mining to AI hardware has closed a $110 million Series A, pushing its valuation past $1 billion. Velaura AI now focuses on ultra-low power solutions for artificial intelligence workloads.
Sources: datacenterdynamics.com
“The pivot from energy-intensive crypto mining to efficiency-driven AI hardware underscores how former proof-of-work players are retooling for the next compute wave.”
Read the original reporting
The outlets below did the original reporting.
- Former cryptomining startup Velaura AI raises $110m for its ultra-low power offerings — datacenterdynamics.com
Related briefs
This brief was drafted automatically from the sources above and published under our editorial policy. Spotted an error? Tell us.