AI Chip Startup Rebellions Is in Talks to Raise $100 Million
- It aims to quicken development of a next-generation AI chip
- Financing may value the company at more than $500 million
Source: Rebellions Inc.
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Rebellions Inc. aims to raise about $100 million from global investors to accelerate the development of a next-generation AI chip, banking on growing interest in the hardware needed to run artificial intelligence services.
The South Korean startup is discussing Series B financing that may value the company at more than $500 million, people familiar with the talks said. The three-year-old firm has engaged with firms in Japan, Hong Kong, Singapore and Europe, said the people, who asked to remain unidentified revealing private negotiations. It’s planning to close the round by the end of this year, they added.