Key Takeaways
- • FuriosaAI quadrupled its valuation to $2.9 billion after raising $620 million in a Series D round, according to Bloomberg Law.
- • South Korea's National Growth Fund contributed $280 million, and international investors contributed $110 million to the round.
- • Named backers include US-based Infinitum Partners, Jericho Capital, Worldline Capital, Singapore's QUDA Capital, and Abu Dhabi-based NeoFort Holding.
- • The raise positions the Seoul-based startup to compete with Nvidia, whose chips dominate AI data centers, as investors seek more energy-efficient silicon alternatives.
Summary
Seoul-based AI chip startup FuriosaAI quadrupled its valuation to $2.9 billion in a fresh funding round, strengthening its effort to challenge Nvidia Corp. The company said on Thursday that it raised $620 million in a Series D round. Of that total, South Korea's National Growth Fund contributed $280 million and international investors contributed $110 million. Other participants include US-based Infinitum Partners, Jericho Capital, Worldline Capital, Singapore's QUDA Capital and Abu Dhabi-based NeoFort Holding.
The funding comes as investors look for alternatives to Nvidia's chips, which dominate artificial intelligence data centers. According to the report, demand is shifting toward more energy-efficient silicon. The source article is brief and the remainder of its analysis is not available in the material reviewed, so details on FuriosaAI's product roadmap, revenue, and customer commitments are not reported here.
The funding comes as investors look for alternatives to Nvidia's chips, which dominate artificial intelligence data centers. According to the report, demand is shifting toward more energy-efficient silicon. The source article is brief and the remainder of its analysis is not available in the material reviewed, so details on FuriosaAI's product roadmap, revenue, and customer commitments are not reported here.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.