Rebellions secures a fast track for public procurement as its ATOM-Max NPU is designated as an innovative product, enhancing access for Korean government agencies.

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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.