Auradine Secures $153 Million in Series C Funding
The funding round takes Auradine’s total backing to $300 million.
Auradine, a company specializing in computing equipment for Bitcoin (BTC) mining and AI applications, has announced a successful Series C funding round, securing $153 million. This funding enables the company to broaden its capabilities in artificial intelligence and enhance its mining operations in the cryptocurrency space.
The company, headquartered in Silicon Valley, California, also introduced its new business unit, AuraLinks AI, which is focused on open-standard solutions aimed at cooling requirements for next-generation AI data centers.
The funding round, spearheaded by StepStone Group, included substantial contributions from Bitcoin miner MARA as well as other investors like Maverick Silicon, the Samsung Catalyst Fund, and Qualcomm Ventures.
Key Highlights:
- Auradine’s cumulative backing now totals $300 million.
- Introduction of AuraLinks AI to address AI data center cooling.
- The partnership extends the company’s reach into crucial areas of technology and energy efficiency.
“Our dual focus on Bitcoin and AI infrastructure places Auradine at the intersection of pivotal technologies that will reshape computing and energy utilization for decades to come,” said CEO Rajiv Khemani.
With the increasing significance of AI in the tech industry, data centers have entered public conversation, which is telling for the cryptocurrency sector, as concepts applied in AI space often overlap with those involving Bitcoin mining.
