In May, the crypto startup Auradine announced it had raised $81 million, an attention-grabbing sum for a firm’s first fundraise, especially in a crypto bear market and especially for a company that said it’s making “disruptive infrastructure solutions leveraging cutting-edge technologies” but declined to provide details about what any of that actually was.
“Even in the hardware sector, where capital intensity is very high, this is pretty eye-opening,” Tom Walton-Pocock, founder of the deep tech venture capital firm Geometry, told Fortune. “It's a pretty gigantic raise.”
