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-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 2024Series BTop 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 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. 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 StatesIndia, TX3LeadMay 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 StatesDallas, TX1ParticipantApr 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 Rackspace, ExaWizards, Rezolve AI and PKSHA Technology, and private ones like proteanTecs and AssetWatch.

Public and private companies comparable to Auradine
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
proteanTecsIsraelHaifaPrivate$60M-$600M10.0x
RackspaceUnited StatesUnited StatesPublicly listed$2.7B$244M$668M1.5x
ExaWizardsJapanJapanPublicly listed$76M$13M$475M4.6x
AssetWatchUnited StatesColumbus, OHPrivate--$437M-
Rezolve AIUnited KingdomUnited KingdomPublicly listed$47M($109M)$609M2.4x
PKSHA TechnologyJapanJapanPublicly listed$138M$46M$697M2.6x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Unisound Ai Technology$182M($22M)2.3x2.4x(18.8x)(16.2x)
GABIA$251M$64M2.8x-11.0x-
Edarat Group$51M$12M10.0x-42.3x-
ExaWizards$76M$13M5.6x4.6x33.4x-
Forge Nano$7M($32M)78.2x-(18.1x)-
Backblaze$146M$4M3.4x3.0x127.9x11.0x
Tsinghua Unigroup$485M$85M1.0x0.9x5.9x4.3x
Semco Technologies$38M$16M11.6x9.8x27.3x22.7x

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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, Rackspace, ExaWizards, AssetWatch, Rezolve AI and PKSHA Technology.

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