South Korea AI chipmaker Rebellions secures $124m funding led by telecoms giant KT
Jan.30,2024

Asia Tech Wire (Jan 30) -- South Korean AI chip maker Rebellions announced on Tuesday that it has secured $124 million in funding to accelerate the development of its next-generation AI chip.

The round makes Rebellions the most-funded semiconductor startup in South Korea, with a total funding of more than $200 million.

South Korean telecoms giant KT Corp. led the Series B funding round, valuing the startup at around $658 million.

In addition to receiving additional investment from investors such as Temasek's Pavilion Capital, KT Cloud Corp., a data subsidiary of KT, Shinhan Venture Investment and Korea Development Bank (KDB), Rebellions said new investors brought in for the round include France's Korelya Capital and Japan's DGDV.

Rebellions plans to use the new capital to increase production of its AI chip Atom, a system-on-chip (SoC) designed for data centers and large companies in the cloud sector, ramp up hiring and accelerate development of Rebel, its next-generation AI chip designed for running Large Language Models (LLMs) with Samsung Electronics.

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