Auradine, a pioneering force in web infrastructure solutions, has successfully closed its Series B funding round, amassing over $80m.
This significant financial boost was contributed to by several new stakeholders including StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital, alongside notable strategic and angel investors. Existing investors such as Celesta Capital, Mayfield Fund, and Marathon Digital reaffirmed their confidence in Auradine by participating again.
Founded to disrupt the blockchain market, Auradine has set new benchmarks in performance and energy efficiency with its revolutionary Teraflux™ family of Bitcoin ASIC Miners. These high-performance miners integrate cutting-edge technologies such as the patent-pending EnergyTune and AutoTune systems, addressing critical energy infrastructure needs.
The Series B financing is earmarked for a major scale-up in production capabilities and accelerated investment in product development. This strategic injection of capital will support Auradine’s ambitious roadmap, which includes expanding its blockchain and AI security solutions. The company has already made significant strides, evidenced by achieving $80m in bookings and maintaining a robust order pipeline exceeding $200m.
Auradine’s commitment to innovation and quality has not only captivated a global customer base but has also positioned the company as a leader in the competitive Bitcoin mining industry. The made-in-USA label further underscores its role in supporting decentralized supply chains and enhancing national security amidst a complex geopolitical landscape.
Auradine CEO Rajiv Khemani expressed pride in the company’s trajectory: “We are very proud of the advancements that our team has made in bringing innovative, energy-efficient, and secure products to our customers,” he said, “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.”
Supporting these sentiments, Mayfield Fund Managing Partner Navin Chaddha remarked, “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.”
Further acclaim came from StepStone Group Partner John Avirett: “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.”
MVP Ventures Co-founder and General Partner Andre De Baubigny also praised the company’s dynamic progress: “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.”
Source: fintech.global
