Auradine's Ascension: $80M Raised in Series B Funding
April 12, 2024, 3:33 pm
Auradine, a powerhouse in web infrastructure solutions from Santa Clara, CA, has secured a staggering $80 million in Series B funding. StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital are among the key backers, with support also coming from existing investors Celesta Capital, Mayfield Fund, and Marathon Digital.
Founded in 2022 under the guidance of CEO Rajiv Khemani, Auradine has swiftly emerged as a frontrunner in blockchain, security, and AI web infrastructure solutions. The company made waves with the launch of its Teraflux™ family of Bitcoin ASIC Miners, boasting the world's fastest miners and groundbreaking energy efficiency. The Teraflux products showcase Auradine's cutting-edge EnergyTune™ and AutoTune™ technologies, addressing critical energy infrastructure demands.
With over 30 data-center-scale miners already equipped with Teraflux products, Auradine has demonstrated exceptional performance in extreme conditions, both in air and immersion cooling setups. This success has translated into $80 million in bookings and a robust order pipeline exceeding $200 million, solidifying Auradine's global presence and customer base expansion.
The infusion of funds from the Series B financing will fuel Auradine's growth trajectory, focusing on scaling Teraflux revenues and advancing R&D efforts for its blockchain and AI security solutions. As Auradine continues to push boundaries and innovate, the future looks brighter than ever for this trailblazing company.
FinSMEs
12/04/2024"
Founded in 2022 under the guidance of CEO Rajiv Khemani, Auradine has swiftly emerged as a frontrunner in blockchain, security, and AI web infrastructure solutions. The company made waves with the launch of its Teraflux™ family of Bitcoin ASIC Miners, boasting the world's fastest miners and groundbreaking energy efficiency. The Teraflux products showcase Auradine's cutting-edge EnergyTune™ and AutoTune™ technologies, addressing critical energy infrastructure demands.
With over 30 data-center-scale miners already equipped with Teraflux products, Auradine has demonstrated exceptional performance in extreme conditions, both in air and immersion cooling setups. This success has translated into $80 million in bookings and a robust order pipeline exceeding $200 million, solidifying Auradine's global presence and customer base expansion.
The infusion of funds from the Series B financing will fuel Auradine's growth trajectory, focusing on scaling Teraflux revenues and advancing R&D efforts for its blockchain and AI security solutions. As Auradine continues to push boundaries and innovate, the future looks brighter than ever for this trailblazing company.
FinSMEs
12/04/2024"