Samsung Catalyst Fund, the venture capital arm of Samsung Electronics, has invested in Auradine, a U.S.-based startup specializing in blockchain and artificial intelligence (AI) infrastructure.
Auradine announced on April 17 that it has completed a $153 million Series C funding round.
The funding was led exclusively by StepStone Group, a U.S. investment firm. Other participants included Samsung Catalyst Fund, Qualcomm Ventures, Maverick Silicon, Premji Invest, and Marah Holdings.
With the new capital, Auradine plans to significantly expand its AI infrastructure business. To that end, the company has launched a new subsidiary, AuraLinks AI, which will focus on open-standard networking technologies aimed at solving the growing bandwidth and cooling challenges faced by AI data centers.
Founded in 2022, Auradine offers integrated software, hardware, and cloud solutions for blockchain and AI infrastructure. The company previously launched the Teraflux™ 3nm, a Bitcoin mining machine equipped with advanced liquid-cooling technology. The system is already in use at over 40 major Bitcoin data center operators.
Rajiv Khemani, co-founder and CEO of Auradine, said “Bitcoin and AI both transform energy into economic value. They require energy-efficient, scalable, and flexible infrastructure. This investment will help us realize that vision.”
Quinn Li, Vice President at Qualcomm Ventures, added “Auradine’s approach is not only innovative but also lays the foundation for the next generation of generative AI networking.”
According to Grand View Research, the global data center market is projected to grow at a compound annual growth rate (CAGR) of 10.9% from 2023 to 2030, reaching $437.3 billion by the end of the period.
