Korean AI chipmaker FuriosaAI announced the completion of a KRW 820 billion Series D funding round, valuing the company at approximately KRW 3.8 trillion

TechFlow reported on October 29, citing Yonhap News Agency, that Korean AI chipmaker FuriosaAI announced on October 29 that it had completed a KRW 820 billion Series D funding round, valuing the company at approximately KRW 3.8 trillion. The company launched the round in January this year with an original target of KRW 450 billion to KRW 750 billion, and the final round size exceeded expectations. The National Growth Fund invested KRW 370 billion, becoming the largest investor in the round. Among overseas investors, U.S.-based Infinitum made the largest investment, while Singapore's QUDA Capital Partners and Cisco Investments also participated.

Existing shareholders collectively invested an additional KRW 170 billion, including Nextrans, which invested an additional KRW 48 billion, and the Korea Development Bank, which invested an additional KRW 30 billion; NAVER, DSC Investment and KDB Capital also participated in follow-on investments. The Export-Import Bank of Korea made its first direct investment in a venture company, selecting FuriosaAI. UAMCO invested KRW 40 billion, the largest investment among new domestic investors. The funds will be used for the global commercialization of the second-generation AI chip RNGD and the third-generation AI accelerator co-developed with Broadcom.

Source: TechFlow