Rebellions Inc., a South Korean AI chip startup, has raised $250 million in its Series C funding round, valuing the company at $1.4 billion.
The round saw participation from major investors, including Arm Holdings, Samsung Ventures, Pegatron Corp., and Lion X Ventures. The funds will be used to start mass production of its chips and speed up product development in the fast-growing AI market.
Arm has also joined as a strategic partner to help drive innovation for next-generation data center infrastructure.
The company will use the funds to start large-scale production of its AI chips and speed up new product development in the competitive AI market.
Arm Holdings has also joined as a strategic partner to help boost innovation for the next generation of data center infrastructure.
Rebellions Inc. is among many companies racing to build AI infrastructure for the global market.
This funding comes at a time when there is huge excitement around AI chips, with NVIDIA investing $100 billion in OpenAI. This has pushed its stock to record highs and raised antitrust concerns.
Rebellions Inc.’s Series C funding round is an important step in the AI chip industry.
With strong funding and a new partnership with Arm Holdings, the startup is now better prepared to compete in the global AI infrastructure market.
Read more- Enhance Labs Raises $2.3 million Pre-Seed to Tackle ‘AI Slop’
