AI Funding Roundup: Medly, Velaura and Thrive Draw Cross-Border Capital

Velaura AI reaches $110 million Series A

Velaura AI has raised $110 million in Series A funding at a valuation above $1 billion, giving it unicorn status, Ventureburn reported. Seligman Ventures led the round, with participation from Capricorn Investment Group and Prosperity7 Ventures. Existing investors Mayfield, Maverick Silicon, MARA, Premji Invest and Samsung Catalyst Fund also took part, alongside StepStone Group.

The company is focused on energy-efficient data centre computing and Physical AI applications, areas it links to growing constraints on power and cooling for AI infrastructure. Its flagship Titan Core silicon platform provides proprietary digital chip intellectual property and design capabilities, which Velaura says can deliver two to four times better performance per watt for mathematical operations used in AI accelerators. According to Ventureburn, the technology has already been deployed across more than 30 million ASICs spanning leading semiconductor manufacturing processes.

Thrive Holdings raises $2 billion

Thrive Holdings, which is backed by OpenAI, has raised $2 billion in new funding at a $12 billion valuation, TechCrunch reported. Investors in the round included SoftBank, D1 Capital Partners and Altimeter Capital. The company is focused on bringing AI to the enterprise.