FuriosaAI raises $620 million in Series D

Technology · First reported 29 Oct, 07:58 · Updated 01:36

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

The Seoul-based AI inference-chip maker says its funding round values the company at about $2.9 billion. It plans to expand production of its RNGD chip, improve software and develop a third-generation chip.

FuriosaAI raised $620 million in a Series D round at a reported valuation of about $2.9 billion; South Korea’s National Growth Fund invested $280 million, the largest contribution.
The company says it will use the funding to make more RNGD chips, improve its software and develop a third-generation chip with Broadcom and other partners.
FuriosaAI says RNGD outperformed Nvidia’s RTX Pro 6000 in its own efficiency benchmark; the longer report notes that its performance claims have not been independently tested by the reporting outlet.

Summary written by Lux AI from 2 articles

Key facts

Funding round: $620 million Series D
Reported valuation: About $2.9 billion
Largest investor: South Korea’s National Growth Fund, with $280 million
RNGD production: 20,000 chips planned for this year by TSMC; FuriosaAI says capacity is secured for more than 40,000 in 2027
Planned use of funds: More RNGD production, software improvements and development of a third-generation chip