Rebellions lands $124M to develop its new AI Rebel chip with Samsung
RECENTLY ACQUIREDJan 29, 2024
Amount Raised
$124 Million
Round Type
Funding Round
SeoulManufacturingSoftwareScience And EngineeringArtificial IntelligenceMachine LearningSemiconductor Manufacturing
Investors
Dg Daiwa VenturesKorelya CapitalKorea Development BankTemasek’s Pavilion CapitalKt
Description
Rebellions closed a $124 million Series B round of funding to develop its third AI chip, called Rebel, and to ramp up production of its data center-focused chip, Atom, as well as for hiring.
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