South Korea AI chip company FuriosaAI completes 620000000 USD Series D financing, with its valuation 2900000000 USD
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South Korea AI Chip company FuriosaAI completes 620000000 USD financing, valuation 2900000000 USD
PANews October 29 According to the report, citing Bloomberg, South Korea's AI chip startup FuriosaAI announced the completion of 620000000 USD Series D financing, with its valuation rising to 2900000000 USD, approximately 735000000 USD times its previous-round 4 valuation. Investors include US-based Infinitum Partners, South Korea's National Growth Fund (contributing 280000000 USD）、Jericho Capital、Worldline Capital, Singapore's QUDA Capital, and Abu Dhabi-based NeoFort Holding. Existing shareholders Naver, Korea Development Bank,DSC Investment, Nextrans, and Kakao Investment also participated. The Korea Export-Import Bank made its first direct investment in a startup. FuriosaAI was founded in 2017 and...
FuriosaAI is a South Korean AI chip startup founded in 2017.
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FuriosaAI announced the completion of 620000000 USD Series D financing, with its valuation rising to 2900000000 USD。
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The report said that this round's valuation was approximately 735000000 USD times the previous round's 4 valuation.
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Investors include Infinitum Partners, South Korea's National Growth Fund,Jericho Capital、Worldline Capital、QUDA Capital and NeoFort Holding.
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South Korea's National Growth Fund contributed 280000000 USD。
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Naver, Korea Development Bank,DSC Investment, Nextrans, and Kakao Investment, among other existing shareholders, participated in this round of financing.
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The Korea Export-Import Bank made its first direct investment in a startup.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Financing means that a company obtains funds from investors; Series D means that the company has reached the Series D financing stage. Valuation is investors' assessment of a company's value. The article states that FuriosaAI's financing in this round was 620000000 USD, with its valuation 2900000000 USD。
Why it matters to readers
The financing amount and change in valuation reflect funding support for FuriosaAI from multiple institutions and existing shareholders.
If you follow the AI chip industry, this news can help you understand startups' financing amounts, valuations, and investors.
Risks and unknowns
The evidence is an abridged paraphrase of the main text and does not provide complete financing terms.
The report comes from PANews' paraphrase of information from Bloomberg; the evidence does not provide the original FuriosaAI company announcement.
The specific use of funds, product development progress, and commercial cooperation were not explained in the evidence.
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Series D financing
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