{"id":75699,"date":"2024-04-10T14:59:10","date_gmt":"2024-04-10T18:59:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=75699"},"modified":"2024-04-10T14:59:16","modified_gmt":"2024-04-10T18:59:16","slug":"tech-startup-auradine-raises-80m-in-recent-funding-round","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tech-startup-auradine-raises-80m-in-recent-funding-round\/","title":{"rendered":"Tech Startup Auradine Raises $80M in Recent Funding Round"},"content":{"rendered":"\n

Auradine, a technology startup for hardware and software solutions in crypto mining and web infrastructure<\/a>, raised $80 million in a series B funding round.<\/p>\n\n\n\n

\"Tech
Tech Startup Auradine Raises $80M in Recent Funding Round<\/figcaption><\/figure>\n\n\n\n

Celesta Capital, Mayfield Fund, Marathon Digital, newcomers StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital contributed to the funding. Mayfield and Celesta Capital led the organization's prior funding round, which concluded in May 2023.<\/p>\n\n\n\n

According to a press release, this series B funding round \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>was nearly equal to its series A funding of $81 million and was more than committed. Auradine further states that the organization achieved a significant milestone by amassing $200 million in appointments. The precise valuation of the funds raised remains unknown.<\/p>\n\n\n\n

Co-founder and chief executive officer of Auradine, Rajiv Khemani, stated in a statement that the funds would be used to increase production further:<\/p>\n\n\n\n

\n

\u201cWe are very proud of the advancements that our team has made in bringing innovative, energy-efficient, and secure products to our customers. 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.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Web infrastructure support for privacy, security, and artificial intelligence (AI) applications is purportedly the extent of Auradine's offerings. The company also claims its “Teraflux” line of Bitcoin miners is the “fastest and most energy-efficient in the world.”<\/p>\n\n\n\n

The AI3680 model miners from Auradine are “capable of achieving an output of 0 to 375 TH\/s with an optimal efficiency of 15 J\/TH,” according to company literature. For example, the Antminer S21 Hydro<\/a> from Bitmain, presently one of the most rapid miners manufactured, is rated at 335 TH\/s.<\/p>\n\n\n\n

In the second quarter of 2024, Auradine intends to send two “Teraflux” ASIC miners. The initial device is an AT2880 air-cooled miner, which can produce a range of 0 to 260 TH\/s at an optimal efficiency of 16 J\/TH. <\/p>\n\n\n\n

The second is the AI3680 mentioned previously. According to the press release, more than thirty “leading data center-scale miners” have acquired Teraflux products.<\/p>\n","protected":false},"excerpt":{"rendered":"

Auradine, a technology startup for hardware and software solutions in crypto mining and web infrastructure, raised $80 million in a series B funding round. Celesta Capital, Mayfield Fund, Marathon Digital, newcomers StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital contributed to the funding. Mayfield and Celesta Capital led the organization’s prior funding […]<\/p>\n","protected":false},"author":12,"featured_media":75703,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19096,8762,1975],"class_list":["post-75699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-auradine","tag-bitcoin-miner-2","tag-funding-round"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/image-60.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=75699"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/75703"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=75699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=75699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=75699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}