Korea’s FuriosaAI Plans $300 Million Funding Round Ahead of IPO

FuriosaAI, the Seoul-based chip startup seeking to challenge Nvidia Corp., is preparing to raise more than $300 million in a potential pre-initial public offering funding round.

The company has asked a selection of global banks to send proposals to arrange its Series D round, people familiar with the matter said. FuriosaAI wants to broaden its international investor base, said the people, who asked not to be named discussing private matters.