Home / Technology / FuriosaAI Secures $620M for AI Chip Dominance
FuriosaAI Secures $620M for AI Chip Dominance
29 Oct
Summary
- FuriosaAI raised $620 million in Series D funding.
- The company's valuation now stands at approximately $2.9 billion.
- New capital will expand production and accelerate chip development.
FuriosaAI, a developer of AI semiconductors for data centers, announced a successful Series D funding round, raising $620 million. This brings the company's post-money valuation to approximately $2.9 billion. The funding was supported by both international investors and South Korean institutions.
The capital infusion will be utilized to enhance the production of FuriosaAI's RNGD AI inference accelerator. It will also bolster the company's software ecosystem and expedite the development of its third-generation AI accelerator. This marks a significant step in scaling global commercial deployments.
Key investors in this round include Infinitum, Jericho Capital, QUDA Capital, Cisco Investments, and Worldline Capital. South Korea's National Growth Fund was the largest investor, contributing $280 million. Existing shareholders also provided $125 million in follow-on investments, demonstrating continued confidence.
FuriosaAI's RNGD accelerator entered mass production in January 2026 and is expected to see production increase significantly in the coming years. The company is collaborating with Broadcom on its third-generation AI accelerator, aiming to shape the future of AI infrastructure.
