Auradine, the manufacturer of computing equipment for Bitcoin (BTC) mining and AI applications, said it raised $153 million in the Series C funding round.
The Silicon Valley, California-based company also founded a new business group, AIORINKS AI, focusing on open standards for addressing the cooling requirements of next-generation AI data centers.
AI data centers and BTC mining share similarities in operational requirements. Given the spread of AI in mainstream use in recent years, data center subjects are now common in public discourse. This is important for the cryptocurrency industry as most of the AI data centers can also be applied to Bitcoin mining.
“The focus on Bitcoin and AI infrastructure places Aurazine at the intersection of pivotal technologies that will reshape computing and energy use over the next few decades,” CEO Rajiv Khemani said in a statement.
The funding round, which took over the Aurazine total to $300 million, was led by Stepstone Group and included other contributions such as Bitcoin Miners Mara, Maverick Silicon, Samsung Catalyst Fund and Qualcomm Venture.
