FuriosaAI Raises $125 Million in Bid to Become Nvidia Challenger
June Paik, chief executive officer of FuriosaAI Inc., during the Super AI Conference in Singapore on June 18.
Photographer: Ore Huiying/BloombergFuriosaAI Inc., the Seoul-based semiconductor startup seeking to challenge Nvidia Corp., secured $125 million in a financing round to accelerate production of its artificial intelligence chip.
The round exceeded its target of about $80 million and drew investors including the Korea Development Bank, Industrial Bank of Korea, Keistone Partners and Kakao Investment, the company said in a statement. FuriosaAI’s latest valuation stands at $735 million.