Auradine, Leading supplier of blockchain, security, and artificial intelligence (AI) solutions for online infrastructure, secures $80million in series B round funding.
Along with prominent strategic and angel investors, the round attracted a number of new investors, including StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital. This round was also attended by previous investors Marathon Digital, Mayfield Fund, and Celesta Capital.
Initially, it set out to upend the blockchain industry with its ground-breaking TerafluxTM line of Bitcoin ASIC miners. With the fastest miners in the world, Auradine has provided cutting-edge ASICs and solutions that have redefined performance and energy efficiency standards.
The patent-pending EnergyTuneTM and AutoTuneTM innovations from Auradine, which are essential for meeting the grid stability and demand response needs of the energy infrastructure, are also included in the Teraflux products.
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These devices, whose reliable field performance has been demonstrated over extended periods of time in harsh conditions for air and immersion cooling form factors, have now been shipped to over 30 top data center-scale miners.
Because of this, Auradine has $80 million in bookings, a strong order pipeline totaling more than $200 million, and it is still expanding its clientele throughout the world.
It’s dedication to providing industry-leading solutions is demonstrated by the robust market momentum it has experienced in the Bitcoin mining industry. This is an important accomplishment, particularly because the company supports innovation and designs its goods in the US, which is crucial given the current geopolitical environment for decentralised supply and national security.
It is well-positioned to quickly increase Teraflux sales and improve R&D for its portfolio of blockchain and AI security solutions because to its Series B funding and proven track record of success.
Rajiv Khemani, co-founder and CEO of Auradine said, “We are very proud of the advancements that our team has made in bringing innovative, energy-efficient, and secure products to our customers, The strong orders and pipeline reflect the confidence our customers have in us. With this new funding, we will ramp up production capacity and accelerate investments in our product roadmaps.”
Navin Chaddha, managing partner at Mayfield Fund, said, “Auradine’s remarkable journey from its inception to achieving substantial orders in such a short time frame is a testament to its compelling solutions and the team’s execution capabilities. We are delighted to support Auradine as it continues to pave the way in blockchain and AI infrastructure with impactful and sustainable solutions.”
John Avirett, Partner at StepStone Group, commented, “Auradine has assembled a truly world-class team spanning blockchain, security, AI and silicon expertise. Their focus on energy efficiency and highly secure solutions aligns with our investment philosophy. We are confident in Auradine’s potential for continued growth and are proud to support their journey.”
Andre De Baubigny, Co-founder and General Partner at MVP Ventures, stated, “Auradine has demonstrated an outstanding ability to innovate and execute fast in a complex market. Their achievements with cutting-edge technologies and securing significant business speak volumes. We are thrilled to be part of Auradine’s path to redefine the blockchain and AI landscape.”
About Auradine
Auradine is a leader in online infrastructure solutions for blockchain, security, and AI. For scalable, secure, and sustainable solutions, the company offers innovative hardware, software, and cloud services. Auradine, a cybersecurity, SaaS, semiconductor, and systems company, was founded in 2022 by a group of seasoned technologists and entrepreneurs. The company has a strong past performance in these areas.
