April 10, 2024
Auradine, a provider of web infrastructure solutions, including blockchain, security, and AI, has closed its Series B funding round, raising $80 million. This round was co-led by StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital. Existing investors Celesta Capital, Mayfield Fund, and Marathon Digital also participated. This Series B follows Auradine’s $81 million Series A funding in 2022, led by Celesta Capital and Mayfield Fund.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Auradine | $80M | Apr 10, 2024 | Series B | $161M | StepStone Group | AI |
Auradine, headquartered in Silicon Valley, California, focuses on developing blockchain and AI infrastructure solutions. The company has been successful with its Teraflux family of Bitcoin ASIC miners, featuring EnergyTune and AutoTune innovations. These products have set new performance and energy efficiency benchmarks, catering to the energy infrastructure's demand response and grid stability requirements. Teraflux products have been shipped to over 30 leading data-center-scale miners, demonstrating robust field performance under various conditions.
With the recent funding, Auradine plans to ramp up production capacity and accelerate its product roadmap, focusing on blockchain and AI security solutions. The company has achieved $80 million in bookings and has a robust order pipeline of over $200 million, reflecting strong customer confidence and market momentum.
The Series B funding will enable Auradine to enhance its R&D capabilities and scale its Teraflux revenues. The company’s innovative approach to designing and manufacturing its products in the United States supports decentralized supply and national security, a critical factor in the current geopolitical landscape.
About Auradine:
Auradine is a leader in blockchain, security, and AI web infrastructure solutions, providing software, hardware, and cloud offerings that enable scalable, sustainable, and secure solutions. Founded in 2022 by experienced entrepreneurs and technologists, Auradine has deep expertise in security, SaaS, semiconductors, and systems. The company is headquartered in Silicon Valley, California.
Website: https://auradine.com/
X Account: @Auradine_Inc
X Followers today: 3317
About Investor
Investor: StepStone Group
Description:
StepStone Group is a global private markets investment firm overseeing private equity, real estate, infrastructure, and private debt investments.
Top Tier Capital Partners focuses on investments in venture capital funds and growth-stage companies.
MVP Ventures invests in early-stage startups.
Maverick Capital is a global investment firm.
Location: United States
Website: https://www.stepstonegroup.com
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