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FuriosaAI, a South Korean AI chip company, announced on October 29 that it had completed a KRW 820 billion Series D funding round at a post-money valuation of approximately KRW 3.8 trillion. The Elec reported that, due to strong demand from domestic and overseas investors, the fundraising target was raised from the originally planned KRW 450 billion to KRW 750 billion up to KRW 820 billion; the South Korean government's National Growth Fund contributed KRW 370 billion as the largest investor, and overseas investors included Infinitum and Singapore's QUDA Capital Partners. The funds will be used mainly 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 US-based Broadcom. SiliconANGLE reported the same day that the round amounted to USD 620 million at a valuation of USD 2.9 billion, and said the funds would be used to expand production capacity for next-generation TCP chips.
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FuriosaAI Completes KRW 820 Billion Series D Funding at Valuation of Approximately KRW 3.8 TrillionDevelopments
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- Source:The Elec
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Oct 30
The Elec
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.
Oct 29
SiliconANGLE
FuriosaAI Completes $620 Million Funding Round at a $2.9 Billion Valuation
South Korean inference chip startup FuriosaAI has completed a $620 million funding round at a valuation of $2.9 billion, led by the Korea National Growth Fund with a $280 million investment. The company says its TCP chip, based on the RNGD architecture, consumes less than half the power of Nvidia GPUs and is compatible with PyTorch and vLLM; this round of funding will be used to expand production capacity for its next-generation TCP chips, with plans to produce 20,000 units this year and double that to 40,000 units in 2027, while also jointly developing a third-generation processor with Broadcom.
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