Privacy and AI-focused blockchain project Auradine closed $81 million Series A funding round led by venture capital firms Celesta Capital and Mayfield.
Cryptocurrency mining company Marathon Digital Holdings also invested in the startup along with Stanford University, Cota Capital and DCVC.
Auradine develops “breakthrough solutions in scalability, resilience and security.”
The company is based in Santa Clara, California and has more than 40 employees, including software engineers and cybersecurity specialists from Palo Alto Networks, Marvell, Intel, Google and Wells Fargo.
“Our first product will be a system-level solution with software and cloud storage management capabilities focused on blockchain security applications,” said Auradine co-founder and CEO Rajiv Khemani.
The startup will introduce its first product in the summer of 2023 and will focus on customer service in the financial and healthcare sectors.
Khemani was previously the co-founder and CEO of Innovium, a silicon chip manufacturer for cloud companies. In 2021, the giant Marvell Technology I bought firm for $1.1 billion.
Celesta Capital managing partner Sriram Viswanathan and Mayfield director Naveen Chadda will also join Auradine’s board of directors.
Recall that in May, the startup River Financial raised $35 million in a Series B funding round led by Kingsway Capital. The company offers a number of bitcoin-focused services: brokerage, custodial solutions, mining, wallets, as well as infrastructure elements for interacting with the Lightning Network.
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Privacy and AI-focused blockchain project Auradine closed $81 million Series A funding round led by venture capital firms Celesta Capital and Mayfield.
Cryptocurrency mining company Marathon Digital Holdings also invested in the startup along with Stanford University, Cota Capital and DCVC.
Auradine develops “breakthrough solutions in scalability, resilience and security.”
The company is based in Santa Clara, California and has more than 40 employees, including software engineers and cybersecurity specialists from Palo Alto Networks, Marvell, Intel, Google and Wells Fargo.
“Our first product will be a system-level solution with software and cloud storage management capabilities focused on blockchain security applications,” said Auradine co-founder and CEO Rajiv Khemani.
The startup will introduce its first product in the summer of 2023 and will focus on customer service in the financial and healthcare sectors.
Khemani was previously the co-founder and CEO of Innovium, a silicon chip manufacturer for cloud companies. In 2021, the giant Marvell Technology I bought firm for $1.1 billion.
Celesta Capital managing partner Sriram Viswanathan and Mayfield director Naveen Chadda will also join Auradine’s board of directors.
Recall that in May, the startup River Financial raised $35 million in a Series B funding round led by Kingsway Capital. The company offers a number of bitcoin-focused services: brokerage, custodial solutions, mining, wallets, as well as infrastructure elements for interacting with the Lightning Network.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!