2 months ago
Auradine, a shaper of computing instrumentality for bitcoin (BTC) mining and AI applications, said it raised $153 cardinal successful a Series C backing round.
The Silicon Valley, California-based institution besides formed a caller concern group, AuraLinks AI, focused connected open-standards to code cooling requirements of next-generation AI information centers.
AI information centers and BTC mining stock similarities successful their operational requirements. Given the proliferation of AI successful mainstream usage successful caller years, the taxable of information centers is present commonplace successful nationalist discourse. This is important for the cryptocurrency manufacture due to the fact that astir things that subordinate to AI information centers could besides beryllium applied to bitcoin mining.
"Our dual absorption connected Bitcoin and AI infrastructure places Auradine astatine the intersection of pivotal technologies that volition reshape computing and vigor utilization for decades to come," CEO Rajiv Khemani said successful a statement.
The backing round, which took Auradine's full backing to $300 million, was led by StepStone Group and included another contribution from bitcoin miner MARA, arsenic good arsenic Maverick Silicon, Samsung Catalyst Fund and Qualcomm Ventures, among others.
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