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FuriosaAI raises $620 million in Series D at $2.9 billion valuation
South Korean AI chip startup FuriosaAI raised $620 million in Series D funding, lifting its valuation to $2.9 billion, nearly four times its previous valuation. The company has begun mass-producing RNGD chips and is working with Broadcom on a third-generation AI accelerator for large-scale AI infrastructure.
What to know
- 01
FuriosaAI says TSMC is producing 20,000 RNGD accelerators for it this year, with output planned to exceed 40,000 in 2027.
- 02
Samsung SDS, LG Group and South Korean AI startup Upstage have adopted RNGD chips.
Why it matters
The financing comes as NVIDIA chips dominate the AI data center market and investors seek more energy-efficient alternatives, particularly for AI inference.
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