Huo Xing Finance reports, according to Bloomberg, that South Korean AI chip startup FuriosaAI has announced the completion of a $620 million Series D funding round, raising its valuation to $2.9 billion—approximately four times its previous valuation of $735 million. Investors include U.S.-based Infinitum Partners, South Korea’s National Growth Fund (which invested $280 million), Jericho Capital, Worldline Capital, Singapore’s QUDA Capital, and Abu Dhabi’s NeoFort Holding. Existing shareholders Naver, Korea Development Bank, DSC Investment, Nextrans, and Kakao Investment also participated, with the Korea Export-Import Bank making its first direct investment in a startup. Founded in 2017, FuriosaAI began mass production of its RNGD inference chip in January this year and is collaborating with Broadcom on its third-generation accelerator. TSMC will produce 20,000 RNGD chips for FuriosaAI this year, with plans to increase production to over 40,000 by 2027.
FuriosaAI Completes $620M Funding Round, Valuation Reaches $2.9B
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Summary
FuriosaAI has closed a $620 million Series D funding round, valuing the company at $2.9 billion. The round was led by Infinitum Partners and the Korea National Growth Fund, which jointly invested $280 million. Existing investors including Naver, Kakao Investment, and Korea Development Bank also participated. This marks Korea Eximbank’s first direct investment in a startup. Founded in 2017, FuriosaAI began mass-producing its RNGD inference chips in January. The company is collaborating with Broadcom on its third-generation accelerator, with TSMC scheduled to produce 20,000 RNGD chips in 2026, increasing to over 40,000 by 2027. The funding underscores robust growth in the AI chip ecosystem.
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