Rebellions Inc. secured $124 million in a Series B financing round led by KT Corp. for accelerating the development of its next-generation AI chip, "Rebel".
Company Information
Company
Rebellions
Location
Seoul, Seoul, South Korea
About
At that time, Rebellions CEO and co-founder Sunghyun Park told TechCrunch that the startup wrapped up its initial Series A, which was oversubscribed, in less than three months from financial investors. The Pavilion Capital-backed AI chipmaker has raised about $72.8 million (92 billion KRW) in total Series A funding, bringing its total funding to about $102.8 million since its inception in 2020. Temasek’s Pavilion Capital backs South Korean AI chip maker Rebellions with $50M investmentRebellions spokesperson told TechCrunch that the company plans to use the extension round to mass-produce its second AI chip prototype, ATOM, that will be used for large companies in the cloud sector and data centers. “Through the partnership with KT, we hope Rebellions will become a global fabless company like NVIDIA and Qualcomm.” Rebellions is also currently in discussions with potential customers in the financial sector to get its first AI chip, ION, which was launched in November 2021.
Fundz sees it the moment Rebellions raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
SeoulManufacturingSoftwareScience And EngineeringArtificial IntelligenceMachine LearningSemiconductor Manufacturing