Auradine Raises $80M in Series B Financing


Auradine, a Santa Clara, CA-based provider of web infrastructure solutions, including blockchain, security, and AI, raised $80M in Series B funding.

Backers included StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital. Existing investors Celesta Capital, Mayfield Fund, and Marathon Digital also participated.

Founded in 2022 and led by CEO Rajiv Khemani, Auradine is a leader in blockchain, security, and AI web infrastructure solutions. The company launched with its Teraflux™ family of Bitcoin ASIC Miners, which delivered ASICs and solutions with the world’s fastest miners, setting new performance and energy efficiency benchmarks. The Teraflux products also feature Auradine’s patent-pending EnergyTune™ and AutoTune™ innovations, which address the demand response and grid stability requirements of the energy infrastructure.

These products have now been shipped to over 30 data-center-scale miners, with field performance proven over long durations in extreme conditions for air and immersion cooling form factors. As a result, Auradine has achieved bookings of $80M along with an order pipeline of over $200M and is continuing to grow its customer base globally.

The company intends to use the funds to scale Teraflux revenues and enhance R&D for its portfolio of blockchain and AI security solutions.