AI chip startup Rebellions raises $400 million at $2.3B valuation in pre-IPO round

South Korean AI chip startup Rebellions has raised an additional $400 million in a pre-IPO funding round led by Mirae Asset Financial Group and the Korea National Growth Fund. This brings the company’s total fundraising to $850 million over the last six months and values it at approximately $2.34 billion. Founded in 2020, Rebellions focuses on developing AI chips for inference, crucial for deploying large language models (LLMs). The company also launched two new AI infrastructure platforms, RebelRack and RebelPOD, and is expanding globally with new entities established in the U.S., Japan, Saudi Arabia, and Taiwan. Rebellions aims to challenge Nvidia’s dominance in the AI chip market by focusing on inference infrastructure and software.

(Source：TechCrunch)