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FuriosaAI Raises $125 Million in Bid to Become Nvidia Challenger

FuriosaAI Raises $125 Million in Bid to Become Nvidia Challenger

Bloomberg2 days ago
FuriosaAI Inc., the Seoul-based semiconductor startup seeking to challenge Nvidia Corp., secured $125 million in a financing round to accelerate production of its artificial intelligence chip.
The round exceeded its target of about $80 million and drew investors including the Korea Development Bank, Industrial Bank of Korea, Keistone Partners and Kakao Investment, the company said in a statement. FuriosaAI's latest valuation stands at $735 million.
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