South Korean semiconductor startup FuriosaAI has raised $125m in Sequence C bridge funding. The brand new funding will increase the corporate’s whole funding to $246m and locations its valuation at $735m.
The financing spherical included contributions from each new and current traders, together with the Korea Growth Financial institution, Industrial Financial institution of Korea, Keistone Companions, PI Companions, and Kakao Funding.
Based in 2017, FuriosaAI is constructing new sort of AI chip for knowledge centres and enterprise clients. Earlier in 2025, the corporate opted to proceed its impartial development by turning down an $800m acquisition provide from Meta Platforms.
FuriosaAI will use the brand new funding to scale up the manufacturing of its flagship AI chip RNGD (pronounced Renegade). The corporate additionally plans to provoke the event of its next-generation AI chip.
Just lately, LG AI Analysis adopted the RNGD chip for its EXAONE basis fashions.
FuriosaAI CEO June Paik stated: “LG AI Analysis’s adoption of RNGD has validated our chip’s efficiency and superior vitality effectivity.
“Now we’re scaling RNGD manufacturing globally to satisfy rising buyer demand and making use of learnings within the improvement of our next-generation chip.”
Alongside, FuriosaAI has expanded its government staff by asserting the appointment of Jeehoon Kang as chief analysis officer and Youngjin Cho as vice chairman of {hardware}.
Kakao Funding CEO Do-Younger Kim stated: “FuriosaAI has constructed a compelling different to GPUs for AI inference. Their Tensor Contraction Processor chip structure delivers the efficiency and energy effectivity that’s important for the following wave of AI purposes.
“They’ve the best expertise and the best staff to remodel AI {hardware}, and we’re excited to assist gasoline their development.”
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