SILICON VALLEY, Calif., April 10, 2024 (GLOBE NEWSWIRE) — Auradine, a number one supplier of net infrastructure options, together with blockchain, safety, and AI, at the moment introduced the closing of its Sequence B funding spherical, which raised over $80 million. The spherical welcomed a number of new traders, together with StepStone Group, High Tier Capital Companions, MVP Ventures, and Maverick Capital, together with main strategic and angel traders. Current traders Celesta Capital, Mayfield Fund, and Marathon Digital additionally participated on this spherical. This Sequence B funding follows Auradine’s $81 million Sequence A, led by Celesta Capital and Mayfield in 2022.
Auradine began with a mission to disrupt the blockchain market with its revolutionary Teraflux™ household of Bitcoin ASIC Miners. Auradine has delivered modern ASICs and options with the world’s quickest miners, setting new efficiency and vitality effectivity benchmarks. The Teraflux merchandise additionally function Auradine’s patent-pending EnergyTune™ and AutoTune™ improvements, that are essential to addressing the demand response and grid stability necessities of the vitality infrastructure.
These merchandise have now been shipped to over 30 main data-center-scale miners, with sturdy subject efficiency confirmed over lengthy durations in excessive circumstances for air and immersion cooling kind components. Because of this, Auradine has achieved bookings of $80M together with a strong order pipeline of over $200 million and is continuous to develop its buyer base globally.
Auradine’s sturdy market momentum within the Bitcoin mining sector underscores its dedication to delivering world-leading options. This achievement is critical, particularly as the corporate champions innovation and designs its merchandise in the USA, a essential issue for decentralized provide and nationwide safety within the present geopolitical panorama. With its Sequence B funding and a monitor file of success, Auradine is well-positioned to quickly scale Teraflux revenues and improve R&D for its portfolio of blockchain and AI safety options.
“We are very proud of the advancements that our team has made in bringing innovative, energy-efficient, and secure products to our customers,” mentioned Rajiv Khemani, co-founder and CEO of Auradine. “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 companion at Mayfield Fund, mentioned, “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, Companion 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 Normal Companion at MVP Ventures, acknowledged, “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.”
To be taught extra about Auradine, please go to auradine.com.
About Auradine
Auradine is a frontrunner in blockchain, safety, and AI net infrastructure options. The corporate offers groundbreaking software program, {hardware}, and cloud choices to allow scalable, sustainable, and safe options. Based in 2022 by a workforce of seasoned entrepreneurs and technologists, Auradine boasts deep experience and a confirmed monitor file in safety, SaaS, semiconductors, and techniques. Headquartered in Silicon Valley, California, Auradine is dedicated to innovation and excellence. For extra data, go to www.auradine.com.
Media Contact:
Sanjay Gupta
media@auradine.com
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