FuriosaAI raises funding to expand AI chip production

FuriosaAI announced a $620 million funding round, bringing its valuation to $2.9 billion. The company says it will use the money to increase production of its energy-efficient inference chips and advance a third-generation processor. (9a40337b-3aa3-477b-a1c5-aa4631e97ff2; d56e143d-b526-45ea-80f2-1a51890b94b4)

• FuriosaAI raised $620 million at a reported $2.9 billion valuation; South Korea’s National Growth Fund contributed $280 million. (9a40337b-3aa3-477b-a1c5-aa4631e97ff2; d56e143d-b526-45ea-80f2-1a51890b94b4)· 2 sources
• The company makes inference chips and says its RNGD design uses less power than competing GPUs; coverage also describes deployments with LG, Upstage and Samsung SDS. (9a40337b-3aa3-477b-a1c5-aa4631e97ff2; d56e143d-b526-45ea-80f2-1a51890b94b4)· 2 sources
• FuriosaAI plans to produce 20,000 chips this year and 40,000 in 2027, while developing a third-generation processor with Broadcom. (9a40337b-3aa3-477b-a1c5-aa4631e97ff2; d56e143d-b526-45ea-80f2-1a51890b94b4)· 2 sources