Auradine Secures $80M in Series B Funding for Advancing Bitcoin Mining Solutions

Auradine, a tech startup specialising in web infrastructure and cryptocurrency mining hardware and software solutions, has successfully concluded its Series B funding round, securing $80 million in investment. The funding round, which took place on April 10, saw participation from previous investors Celesta Capital, Mayfield Fund, and Marathon Digital, as well as new investors StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital. This funding follows Auradine's Series A round completed in May 2023, which raised $81 million and was led by Celesta Capital and Mayfield. The Series B round was reported to be overbooked and nearly matched the previous round's funding amount. Auradine also achieved a significant milestone of $200 million in bookings. Rajiv Khemani, co-founder and CEO of Auradine, expressed his pride in the company's progress and announced that the funds would be utilised to further increase production capacity and accelerate investments in product development.