South Korean AI chip company FuriosaAI completes 820 billion won Series D funding round, with a company valuation of approximately 3.8 trillion won.

On October 29, according to Yonhap News Agency, Korean AI chip company FuriosaAI announced on October 29 the completion of an 820 billion won Series D funding round, with the company valued at approximately 3.8 trillion won. The company launched this financing round in January this year, originally targeting 450 to 750 billion won, with the final scale exceeding expectations. The National Growth Fund invested 370 billion won, becoming the largest investor in this round. Among overseas investors, US-based Infinitum made the largest investment, while Singapore's QUDA Capital Partners and Cisco Investments also participated.

Existing shareholders collectively contributed an additional 170 billion won, with Nextrans adding 48 billion won and the Industrial Bank of Korea contributing 30 billion won. NAVER, DSC Investment, and KDB Capital also participated in follow-on investments. The Korea Export-Import Bank made its first direct investment in a startup, choosing FuriosaAI. UAMCO invested 40 billion won, marking the largest amount among new domestic investors. The funds will be used for the global commercialization of the second-generation AI chip RNGD, as well as the third-generation AI accelerator co-developed with Broadcom.