Auradine, a prominent provider of blockchain, security, and AI web infrastructure solutions, announced the successful close of its Series B funding round, amassing over $80 million.
This round introduced new investors such as StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital, alongside notable strategic and angel investors.
Returning participants included Celesta Capital, Mayfield Fund, and Marathon Digital, all of whom had previously contributed to Auradine’s $81 million Series A in 2022.
Founded in 2022, Auradine has quickly made its mark in the blockchain industry with its Teraflux™ family of Bitcoin ASIC Miners, known for their high performance and energy efficiency.
The company reports shipping its advanced products to more than 30 large data-center-scale miners globally and has confirmed robust field performance in extreme conditions.
These achievements have led to $80 million in bookings and an extensive order pipeline valued at over $200 million.
Rajiv Khemani, co-founder and CEO of Auradine, expressed pride in the company’s strides in innovation and its delivery of energy-efficient, secure products.
“The strong orders and pipeline reflect the confidence our customers have in us,” said Khemani. “With this new funding, we will ramp up production capacity and accelerate investments in our product roadmaps.”
Navin Chaddha, managing partner at Mayfield Fund, praised Auradine’s rapid progress and market traction, stating, “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.”
John Avirett, Partner at StepStone Group, highlighted Auradine’s focus on energy efficiency and security as key factors aligning with their investment philosophy, expressing confidence in Auradine’s potential for continued growth.
Andre De Baubigny, Co-founder and General Partner at MVP Ventures, commended Auradine’s innovation and execution capabilities, noting, “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.”
PEVCJournal.com