FuriosaAI Raises $620M in Series D, Valuation Jumps to $2.9B

1 reports archived1 independent sourcesupdated 10/29/2026, 10:18:47

Synthesis & Latest Updates

1 Sources Cross-Validated

Korean AI chip startup FuriosaAI has raised $620 million in a Series D round, quadrupling its valuation to $2.9 billion. The company aims to challenge Nvidia's dominance in the data center market with its energy-efficient RNGD inference chips, which reduce power consumption by minimizing data transfer. Its products are already adopted by major clients like Samsung SDS and LG, with plans to co-develop next-gen accelerators with Broadcom.

LATEST/Korean AI chip startup FuriosaAI has raised $620 million in a Series D round, quadrupling its valuation to $2.9 billion. The company aims to challenge Nvidia's dominance in the data center market with its energy-efficient RNGD inference chips, which reduce power consumption by minimizing data transfer. Its products are already adopted by major clients like Samsung SDS and LG, with plans to co-develop next-gen accelerators with Broadcom.

Hourly heat curve

2 fully observed hours

Fewer than 3 fully observed hours; trend not plotted yet.

Coverage timeline

Total 1 reports · Latest first

IT之家 · 智能时代T2Oct 29, 10:18·78 pts
FuriosaAI Raises $620M in Series D, Valuation Jumps to $2.9B
- FuriosaAI closed a $620M Series D round, increasing its valuation from $735M to $2.9B.
- The core product, RNGD chips, focuses on optimizing AI inference efficiency by reducing power consumption associated with data transfer.
- TSMC is scheduled to produce 20,000 RNGD chips this year, with customers including Samsung SDS, LG, and Upstage.
View Related Reports & Analysis Original Source