FuriosaAI raises $620M Series D at a $2.9B valuation
Seoul-based AI chip startup FuriosaAI raised $620 million in a Series D funding round, Bloomberg reported. The transaction values the company at $2.9 billion, nearly quadrupling its previous $735 million valuation recorded in 2025.
1 source
Key points
- FuriosaAI secured $620 million in Series D funding at a $2.9 billion valuation
- South Korea's National Growth Fund contributed $280 million to the round
- The valuation quadrupled from $735 million in 2025 to back competition with Nvidia
South Korea's National Growth Fund provided $280 million of the total capital raised. The company plans to use the new financing to support its efforts to compete against established hardware makers such as Nvidia Corp.
Read the original at bloomberg.com · via TechmemeOpen source ↗
Topics · follow one to build your own front page
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Hardware & Compute
All →- Oracle adds Google and Cerebras chips to Nvidia AI cloud deal · 25 src
- NVIDIA invests $3 billion in Meta for AI infrastructure and model work · 6 src
- Microsoft ends Copilot support on LG and Samsung smart TVs in 2026 · 1 src
- Nvidia reportedly explores buying edge-AI chipmaker Ambarella for physical AI expansion · 2 src
- AWS releases Ray Train DLC for faster PyTorch training on EKS with EFA · 1 src
Comments
via GitHub Discussions