Auradine, a web infrastructure solutions firm encompassing blockchain, security, and privacy, has raised $81 million in a Series A funding round co-led by Celesta Capital and Mayfield, two prominent investment firms in the technology sector. Sriram Viswanathan from Celesta Capital and Navin Chaddha from Mayfield will join the Auradine board to provide their expertise and guidance.
Additional notable investors in this round include Marathon Digital Holdings, Cota Capital, DCVC, and Stanford University. These investors recognize the immense potential of emerging technologies like blockchain, artificial intelligence (AI), and privacy, which are poised to have a multi-trillion-dollar impact on the global economy. To fully unlock this potential, a highly scalable, sustainable, and secure infrastructure is paramount. Auradine aims to address this need by developing groundbreaking software, hardware, and cloud solutions.
Founded in 2022, Auradine boasts a team of seasoned entrepreneurs and technologists who possess extensive experience in the fields of security, software-as-a-service (SaaS), semiconductors, and systems.
Many team members have previously worked for renowned companies such as Palo Alto Networks, Marvell, Intel, Google, and Wells Fargo. Their collective track record includes delivering market-leading products that have generated over $10 billion in revenues at infrastructure giants and unicorns.
To further bolster their expertise, Auradine has assembled a board of strategic advisors and investors, including senior industry leaders and founding members of Palo Alto Networks and Cavium. Additionally, the company has formed a technology advisory board consisting of professors from prestigious institutions such as UC Berkeley, the University of Michigan, and the University of Illinois Urbana-Champaign, who are at the forefront of research in security and privacy.
Celesta Capital’s Founding Managing Partner, Sriram Viswanathan, expressed confidence in Auradine, stating, “With their unique vision and all-star team, we are confident Auradine will deliver important solutions in the race to unlock the full potential of decentralized applications and digitized assets.”
Navin Chaddha, Managing Director at Mayfield, also praised the firm, stating, “The Auradine team of bold entrepreneurs is building a web infrastructure platform that will enable a new era of decentralized and distributed applications.”
Rajiv Khemani, Co-founder and CEO of Auradine, expressed gratitude for the support received from top-tier investors who share the company’s vision and passion for shaping the future of web infrastructure.
Khemani added, “With this funding, we will accelerate our development and go-to-market efforts to deliver breakthrough solutions.”
With $81 million secured in funding, Auradine is well-positioned to advance its mission of creating a highly scalable, sustainable, and secure infrastructure powered by cutting-edge technologies such as energy-efficient silicon, zero-knowledge proofs, and AI.
As the company moves forward, it aims to play a pivotal role in revolutionizing decentralized applications and digitized assets, leveraging its exceptional team and visionary approach to make a lasting impact in the industry.