FuriosaAI Completes KRW 820 Billion Series D Funding at Valuation of Approximately KRW 3.8 Trillion
South Korean AI chip company FuriosaAI announced on October 29 that it had completed a KRW 820 billion Series D funding round. Due to strong demand from domestic and international investors, the fundraising target was raised from the original KRW 450 billion to KRW 750 billion to KRW 820 billion, with a post-money valuation of approximately KRW 3.8 trillion. The South Korean government's National Growth Fund contributed KRW 370 billion as the largest investor, while overseas investors include Infinitum, which previously co-led Groq's $650 million funding round, and Singapore-based QUDA Capital Partners. The funds will mainly be used to expand supply capacity for the second-generation NPU Renegade (RNGD) and to jointly develop a third-generation AI accelerator for the hyperscale data center market with U.S.-based Broadcom.
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