"Rebellions has closed a $400 million pre-IPO funding round led by Mirae Asset Financial Group and the Korea National Growth Fund, valuing the company at approximately $2.34 billion."
"The Korea National Growth Fund chose Rebellions as its very first investment under the K-Nvidia initiative, South Korea's programme to develop domestic AI chip champions capable of competing globally."
"Eung-Suk Kim, Vice Chairman and CEO of Mirae Asset Venture Investment, described the round as reflecting strong conviction in Rebellions' potential 'to demonstrate its capabilities and value on the global stage.'"
Rebellions, a fabless AI chip company from South Korea, has successfully raised $650 million in the past six months, bringing its total funding to $850 million. The company is valued at approximately $2.34 billion following a $400 million pre-IPO funding round led by Mirae Asset Financial Group and the Korea National Growth Fund. Rebellions aims to serve US customers like Meta and xAI, and has introduced new products, RebelRack™ and RebelPOD™, to enhance its AI infrastructure capabilities.
Read at TNW | Investors-Funding
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