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- Auradine
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
Mayfield Fund
MARA Holdings
Celesta Capital
StepStone Group
DCVC
Qualcomm Ventures
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| May 2023 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2025 | Series C | StepStone Group (lead); Qualcomm Ventures; MARA Holdings; Premji Invest; Samsung Catalyst Fund; Maverick Silicon; GSBackers; Mayfield Fund | $138M | - | StepStone Group led a Series C round in Auradine that closed in April 2025, with participation from Maverick Silicon, GSBackers, Samsung Catalyst Fund, Qualcomm Ventures, Premji Invest, Mayfield Fund and Marathon Digital Holdings, together with other existing investors. The round was oversubscribed and totalled $153 million, of which $138 million was equity and $15 million debt, bringing total capital raised by the company to over $300 million. Earlier rounds were a Series A of $71 million in May 2023 led by Celesta Capital and Mayfield, and a Series B of $80 million in April 2024 led by StepStone. Valuation was not disclosed. The funding was intended to expand the company's blockchain and AI infrastructure businesses and boost production of its Bitcoin mining systems. Alongside the round Auradine launched AuraLinks AI, a group building open-standards networking for AI data centers, and Lip-Bu Tan joined its board. Auradine was founded in 2022 and is headquartered in Silicon Valley, California. It designs energy-efficient semiconductors, hardware, software and cloud services, including the Teraflux family of Bitcoin ASIC miners, which supply data centers operated by more than 40 mining companies. |
| Apr 2024 | Series B | Top Tier Capital Partners; StepStone Group; MARA Holdings; MVP Ventures; Maverick Capital; Celesta Capital; Mayfield Fund | $80M | - | Auradine raised $80 million in an oversubscribed Series B round announced in April 2024. The round included StepStone Group, Top Tier Capital Partners, MVP Ventures and Maverick Capital as new investors, alongside existing backers Celesta Capital, Mayfield Fund and Marathon Digital Holdings. Auradine had initially targeted $70 million and the company said the round combined equity with debt. It followed a $81 million Series A announced in May 2023 led by Celesta Capital and Mayfield. Auradine said it had already achieved $80 million in bookings and had an order pipeline above $200 million, and the proceeds were to support production capacity ahead of the Bitcoin halving. The company is based in Silicon Valley and was founded in 2022. It designs energy-efficient Teraflux Bitcoin ASIC miners with its EnergyTune and AutoTune technologies, and also develops web infrastructure for blockchain, security and AI. |
| May 2023 | Series A | Celesta Capital (lead); Mayfield Fund (lead); MARA Holdings; Stanford University; Cota Capital; DCVC | $71M | $500M | Auradine, 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. 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | May 2023 | ||
| 3 | Lead | May 2023 | ||
| 2 | Lead | Apr 2024 | ||
| 2 | Lead | May 2023 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Participant | May 2023 | ||
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Start Free TrialAuradine Competitors
Auradine competitors include listed companies like Rackspace, ExaWizards, Rezolve AI and PKSHA Technology, and private ones like proteanTecs and AssetWatch.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $60M | - | $600M | 10.0x | ||
| Publicly listed | $2.7B | $244M | $668M | 1.5x | ||
| Publicly listed | $76M | $13M | $475M | 4.6x | ||
| Private | - | - | $437M | - | ||
| Publicly listed | $47M | ($109M) | $609M | 2.4x | ||
| Publicly listed | $138M | $46M | $697M | 2.6x |
Auradine Public Comps
Auradine is still privately-owned, but its public comps include Unisound Ai Technology, GABIA, Edarat Group, ExaWizards, Forge Nano, Backblaze, Tsinghua Unigroup, Semco Technologies, M31 Technology and Infomaniak.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $182M | ($22M) | 2.3x | 2.4x | (18.8x) | (16.2x) | |||
| $251M | $64M | 2.8x | - | 11.0x | - | |||
| $51M | $12M | 10.0x | - | 42.3x | - | |||
| $76M | $13M | 5.6x | 4.6x | 33.4x | - | |||
| $7M | ($32M) | 78.2x | - | (18.1x) | - | |||
| $146M | $4M | 3.4x | 3.0x | 127.9x | 11.0x | |||
| $485M | $85M | 1.0x | 0.9x | 5.9x | 4.3x | |||
| $38M | $16M | 11.6x | 9.8x | 27.3x | 22.7x | |||
This data is available for Pro users. Sign up to see all Auradine competitors and their valuation data. Start Free Trial | ||||||||
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, Rackspace, ExaWizards, AssetWatch, Rezolve AI and PKSHA Technology. |
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