Participated · Series A · Aug 2026

Velaura AI develops energy-efficient digital design technology for AI compute, built on patented techniques applied at leading semiconductor process nodes. Its flagship product, Titan Core, is a proprietary chip IP and design platform that the company says delivers a 2x to 4x improvement in performance per watt on the mathematical operations used by AI accelerators without sacrificing performance. The underlying technology has been deployed across more than 30 million ASICs, and Velaura licenses it under an upfront fee plus a royalty tied to the power savings its customers achieve. The company says it is engaged with hyperscalers and chip partners at 3nm and 2nm nodes to integrate the technology into next-generation AI accelerators, and is extending the architecture into physical AI systems including robots, drones, and autonomous machines. Founded in 2022 as Auradine, a bitcoin mining ASIC designer behind the Teraflux miner series, the company rebranded to Velaura AI in March 2026 alongside a pivot to AI silicon, and is headquartered at 3200 Coronado Drive in Santa Clara, California. Financially, Velaura AI announced a $110M Series A in August 2026 at a valuation above $1 billion, led by Seligman Ventures; the articles do not state a cumulative total raised across its earlier rounds under the Auradine name.

Led · Series B · Jun 2026

Stathera develops MEMS-based silicon timing products built on its proprietary DualMode® architecture, aiming to replace legacy quartz timing in a range of electronics from smartphones and wearables to AI data centers. Its GEN2 32.768 kHz product line is moving into mass production and broader GEN2 portfolio products are sampling with Tier 1 OEMs. Stathera's silicon oscillators are manufactured in standard semiconductor fabs and are positioned to offer smaller footprint, higher reliability, improved shock and vibration resilience, and no external load capacitors compared with quartz. The company is launching a GEN3 program purpose-built for the performance and reliability demands of AI-CED applications and is targeting first customer samples in 2028. Stathera positions the AI data center timing opportunity as a fast-growing segment within an estimated US$11 billion annual timing market and cites an industry estimate that AI data center time-synchronization could represent a cumulative US$1.5 billion opportunity by 2030. The company is headquartered in Montreal and has raised US$75 million in total funding following the Series B.

Participated · Series A · Jun 2026

Founded roughly seven months before the report and based in Santa Clara, Upscale AI develops a platform that integrates GPUs, accelerators, storage, and networking into a synchronized system for AI workloads. Its SkyHammer architecture is designed to scale networks at the rack level to reduce latency and bottlenecks for training and inference. The company emphasizes open standards such as ESUN, Ultra Accelerator Link, Ultra Ethernet, SONiC and the Switch Abstraction Interface as alternatives to incumbent networking systems. Upscale AI originated within Auradine, the AI- and blockchain-infrastructure company associated with one of the founders, and was publicly launched thereafter. Founders Barun Kar and Rajiv Khemani previously worked at and founded companies including Palo Alto Networks, Innovium and Cavium (later acquired by Marvell). Financially, Upscale AI has raised over $300 million to date, including a $100 million seed in September 2025 and an oversubscribed Series A of more than $200 million in January 2026.

Participated · Series B · Jun 2026

TensorWave operates an all-AMD AI cloud focused on high-performance, memory-intensive workloads, delivering high-bandwidth, memory-optimized infrastructure powered by AMD Instinct series GPUs. The company currently runs one of the largest AMD-based AI training clusters in North America with 8,192 AMD Instinct MI325X GPUs online. TensorWave has secured more than 2 gigawatts of long-term data center capacity to support growing adoption from enterprise, research, and AI-native customers. Following a Series A in May 2025, TensorWave completed a $350 million Series B at a $1.55 billion valuation to fund global expansion and next-generation MI355X GPU deployments. The company is investing in its Las Vegas headquarters and plans to expand hiring across engineering, infrastructure, operations, sales, and customer success. Customers mentioned include next-generation AI companies such as Fireworks AI and Luma AI, which are using TensorWave’s AMD-based infrastructure for large-scale generative AI workloads and production inference.

Led · Series A · Apr 2026

mmTron develops scalable RF technology and high-linearity mmWave products and platforms intended for satellite communications, defense radar, and data centers. The company emphasizes linearity, bandwidth, and power efficiency as core performance differentiators. Its platforms are positioned to address RF bottlenecks in LEO mega-constellations, satellite-to-Earth links, and high-performance radar and data-center signal processing. mmTron is led by co-founder and CEO Seyed A. Tabatabaei. The company announced a $45 million Series A to accelerate development and move into production of its mmWave offerings. The public announcement highlights market fit and technical capability but does not disclose revenue, users, or prior financing details.