Auradine Valuation, Funding & Investors

Auradine is valued at $500M as of May 2023.

Last Auradine valuation

$500M

Series A · May 2023

Last Auradine funding round

$138M

Series C · Apr 2025

Cumulative funding Auradine raised

$289M

across 3 funding rounds

Key investors in Auradine

Auradine Overview

About Auradine

Auradine is a Silicon Valley-based hardware company founded in 2022 that develops energy-efficient chips, software, and cloud systems for blockchain and AI infrastructure. Its core products include the Teraflux family of Bitcoin ASIC miners, used in data centers run by more than 40 Bitcoin mining companies, and networking equipment built around open standards such as Ultra Accelerator Link and Ultra Ethernet Link. Through its AuraLinks AI unit, the company also builds high-bandwidth networking hardware for AI data centers.


Founded

2022

HQ

United StatesSan Jose, CA

Status

Privately held

Customer focus

B2B

Revenue model

Services, Subscription

Valuation

$500M (May 2023)

Auradine Valuation

Auradine is currently valued at $500M, based on its Series A in May 2023.

The $71M round was led by Celesta Capital and Mayfield Fund, with participation from MARA Holdings, Stanford University, Cota Capital and DCVC.

Auradine valuation by funding round

Auradine valuation by funding round
DateStageValuation
May 2023Series A$500M

Auradine Funding History

Auradine has raised a total of $289M across 3 funding rounds.

Auradine's first fundraising round was a $71M Series A in May 2023. The most recent completed round was a $138M Series C in April 2025.

Auradine funding rounds

Auradine funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2025Series CStepStone Group (lead); Qualcomm Ventures; MARA Holdings; Premji Invest; Samsung Catalyst Fund; Maverick Silicon; GSBackers; Mayfield Fund$138M-Auradine, Inc., founded in 2022 and headquartered in Silicon Valley, California, develops energy-efficient hardware, software, and cloud solutions for blockchain and AI infrastructure, including Bitcoin ASIC miners like the Teraflux™ family and networking for AI data centers. The company positions itself as a disruptor with expertise in semiconductors, SaaS, and systems, contributing to standards like Ultra Accelerator Link (UAL) and Ultra Ethernet Link, and recognized by the Global Semiconductor Alliance as a 'Start-Up to Watch' for 2025. On April 16, 2025, Auradine closed an oversubscribed Series C funding round of $153 million led by StepStone Group, with participation from Maverick Silicon, GSBackers, Samsung Catalyst Fund, Qualcomm Ventures, Premji Invest, Mayfield Fund, Marathon Digital Holdings (MARA), and other existing investors. This matches the query's investor list and approximate date, bringing total funding raised to over $300 million across prior rounds: Series A ($71M in May 2023 led by Celesta Capital and Mayfield) and Series B ($80M in April 2024 led by StepStone and others). One source lists the Series C amount as $138M, but most confirm $153M; valuations for all rounds remain undisclosed. The funding supports expansion of blockchain, AI, and privacy technologies, boosting production for Bitcoin miners ahead of halvings, and enhancing web infrastructure solutions. Concurrently, Auradine launched AuraLinks AI, a new group with veterans from Palo Alto Networks, Cisco, Juniper, Marvell, Broadcom, Google, and Microsoft, targeting open-standards networking for AI data centers' bandwidth and cooling needs, promising up to 5x better performance via custom chips. Auradine's hardware powers data centers for over 40 Bitcoin mining companies, with custom processors optimized for hashing. Investors praise the team's execution in silicon, cooling, and systems for transformative AI and blockchain trends, emphasizing U.S.-based development of critical infrastructure. Lip-Bu Tan joined the board, strengthening semiconductor leadership.
Apr 2024Series BTop Tier Capital Partners; StepStone Group; MARA Holdings; MVP Ventures; Maverick Capital; Celesta Capital; Mayfield Fund$80M-Auradine is a Silicon Valley-based company founded in 2022, specializing in energy-efficient hardware solutions for blockchain infrastructure, particularly Bitcoin ASIC miners like the Teraflux family, and expanding into AI data center networking with its new AuraLinks AI business unit. The company has raised over $300 million across multiple rounds, positioning it as a disruptor in sustainable computing for Bitcoin mining and AI applications. Its hardware is deployed in data centers of over 40 Bitcoin mining firms, driven by innovation in open standards and energy efficiency ahead of events like the Bitcoin halving. The specific Series B round in April 2024 raised approximately $80 million (noted as $60 million in some filings, possibly partial close) from investors including Celesta Capital, Marathon Digital Holdings (MARA), Maverick Capital, Mayfield Fund, MVP Ventures (Modern Venture Partners), StepStone Group, and Top Tier Capital Partners, among others; it was oversubscribed to boost production capacity for growing demand from Bitcoin miners. This followed a Series A of $71 million in May 2023 led by Celesta and Mayfield to support initial product development and market entry. Subsequent rounds include a Series C in April 2025 raising $138-153 million led by StepStone Group with participation from Maverick Capital, Mayfield, MARA Holdings, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, and others, bringing total funding to $314 million and enabling expansion into AI networking solutions with a team from Cisco, Google, Microsoft, and others. The company's dual focus on blockchain and AI infrastructure underscores its strategy to address energy conversion into economic value through scalable, sustainable technologies.
May 2023Series ACelesta Capital (lead); Mayfield Fund (lead); MARA Holdings; Stanford University; Cota Capital; DCVC$71M$500MAuradine, a Silicon Valley-based company founded in 2022, develops scalable and sustainable infrastructure solutions for blockchain and AI, including Bitcoin ASIC miners like the Teraflux™ family, security, privacy technologies, and later AI data center networking via its AuraLinks AI group. The company specializes in energy-efficient hardware and software for web infrastructure, drawing on expertise from semiconductors, systems, and firms like Palo Alto Networks, Cisco, and Broadcom. In May 2023, Auradine raised $71-81 million in its Series A round (sources vary slightly on amount), led by Celesta Capital and Mayfield Fund, with participation from Marathon Digital Holdings, Cota Capital, DCVC, and Stanford University. The funds supported development and market entry of Bitcoin ASIC miners and other blockchain solutions. A concurrent $10 million debt financing provided working capital for scaling operations. Auradine demonstrated early traction with substantial bookings of $80 million and an order backlog over $200 million by its Series B, reflecting customer confidence in its products, though these are not revenue figures. The company has since raised additional rounds, including an oversubscribed Series B targeting $70 million but closing higher, and a $153 million Series C in April 2025 led by StepStone Group, bringing total funding over $300 million to expand blockchain, AI, and privacy infrastructure. Investors highlight Auradine's disruptive potential in decentralized applications, digitized assets, and next-generation web infrastructure, backed by a strong team, strategic advisors from industry leaders, and academic technology advisors from top universities.

Who has invested in Auradine?

15 investors have backed Auradine across its funding rounds, including Mayfield Fund, MARA Holdings, Celesta Capital, StepStone Group, DCVC and Qualcomm Ventures.

Lead investors include StepStone Group, Celesta Capital and Mayfield Fund.


Auradine Investors

Investors in Auradine by funding rounds participated
InvestorHQRoundsRoleFirst check
MARA HoldingsUnited StatesFort Lauderdale, FL3ParticipantMay 2023
Mayfield FundUnited StatesUnited States3LeadMay 2023
StepStone GroupUnited StatesNew York City, NY2LeadApr 2024
Celesta CapitalUnited StatesSan Francisco, CA2LeadMay 2023
Qualcomm VenturesUnited StatesSan Diego, CA1ParticipantApr 2025
Top Tier Capital PartnersUnited StatesSan Francisco, CA1ParticipantApr 2024
MVP VenturesUnited StatesSan Francisco, CA1ParticipantApr 2024
Premji InvestIndiaBangalore1ParticipantApr 2025
Stanford UniversityUnited StatesSan Francisco, CA1ParticipantMay 2023
Samsung Catalyst FundUnited StatesSan Francisco, CA1ParticipantApr 2025
Maverick CapitalUnited StatesUnited States1ParticipantApr 2024
Maverick SiliconUnited StatesSan Francisco, CA1ParticipantApr 2025
Cota CapitalUnited StatesSan Francisco, CA1ParticipantMay 2023

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Auradine Competitors

Auradine competitors include listed companies like ExaWizards, PKSHA Technology and Coveo Solutions, and private ones like proteanTecs, AssetWatch and Foundry.

Public and private companies comparable to Auradine
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
proteanTecsIsraelHaifaPrivate$60M-$600M10.0x
ExaWizardsJapanJapanPublicly listed$77M$13M$558M5.7x
AssetWatchUnited StatesColumbus, OHPrivate--$437M-
PKSHA TechnologyJapanJapanPublicly listed$140M$47M$627M2.4x
FoundryUnited StatesSan Francisco, CAPrivate--$350M-
Coveo SolutionsCanadaCanadaPublicly listed$148M($25M)$276M1.2x

Auradine Public Comps

Auradine is still privately-owned, but its public comps include Napatech, Beijing Hanyi Innovation, Kinx, NVE, SEALSQ, Intelligo Technology, U-LEAM, Raydium, Semco Technologies and Edarat Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Napatech$23M($10M)21.5x15.4x(50.5x)(102.7x)
Beijing Hanyi Innovation$28M$5M15.6x13.9x89.9x50.9x
Kinx$116M$37M4.5x4.6x14.1x15.6x
NVE$26M$16M17.7x-28.4x-
SEALSQ$18M($34M)2.8x2.0x(1.5x)(1.5x)
Intelligo Technology$50M$20M8.4x8.4x20.8x-
U-LEAM$18M$7M28.0x-72.9x-
Raydium$703M$60M0.3x0.3x3.6x-

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Common questions about Auradine

When was Auradine founded?Auradine was founded in 2022.
Where is Auradine headquartered?Auradine is headquartered in San Jose, CA, United States.
Is Auradine publicly listed?No, Auradine is a private, VC-backed company.
What is Auradine's valuation?Auradine was last valued at $500M in its Series A in May 2023.
How much funding has Auradine raised?Auradine has raised $289M across 3 funding rounds.
What was Auradine's last funding round?Auradine's last funding round was a $138M Series C in April 2025, led by StepStone Group.
Who are Auradine's investors?Auradine's investors include MARA Holdings, Mayfield Fund, StepStone Group, Celesta Capital, Qualcomm Ventures, Top Tier Capital Partners, MVP Ventures, Premji Invest, Stanford University, Samsung Catalyst Fund and 5 others.
Which companies are comparable to Auradine?Companies comparable to Auradine include proteanTecs, ExaWizards, AssetWatch, PKSHA Technology, Foundry and Coveo Solutions.

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