Auradine, a tech startup specializing in web infrastructure and cryptocurrency mining, has secured $80 million in a Series B funding round. The oversubscribed round was led by a mix of previous and new investors, including Marathon Digital Holdings, Celesta Capital, Mayfield Fund, StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital.
This latest funding comes on the heels of Auradine’s $81 million Series A round in May 2023, bringing the company’s total venture capital raised to $161 million. Rajiv Khemani, Auradine’s co-founder and CEO, stated that the funds will be used to ramp up production capacity and accelerate investments in the company’s product roadmap.
Auradine’s offerings span web infrastructure solutions for privacy, security, and AI applications, as well as its “Teraflux” line of high-performance, energy-efficient Bitcoin miners. The company plans to ship two new Teraflux ASIC miners, the air-cooled AT2880 and the AI3680, in Q2 2024. With the AI3680 capable of up to 375 TH/s at 15 J/TH, Auradine is poised to drive innovation in the cryptocurrency mining industry.
This successful Series B funding round marks a significant milestone for Auradine, as the company continues to strengthen its position in the rapidly evolving web infrastructure and cryptocurrency mining sectors.
