Funding of $125 Million Series C Acquired for Expansion of cutting-edge AI Inference Chip Technology by FuriosaAI
In the rapidly evolving world of AI, a South Korean semiconductor company named FuriosaAI is making strides towards a more sustainable and accessible future. The company has recently completed a $125 million Series C bridge funding round, a significant step towards scaling production of its next-generation AI inference chip, the RNGD[1][3].
The global demand for high-performance and efficient AI infrastructure is on the rise, and FuriosaAI's RNGD has proven to deliver 2.25 times better large language model inference performance per watt compared to traditional GPUs[1]. After turning down an $800 million acquisition offer from Meta earlier in 2025, FuriosaAI decided to remain independent, focusing on its mission to revolutionize AI computing[2].
To propel its growth, FuriosaAI has strengthened its leadership team. Jeehoon Kang has been appointed as Chief Research Officer to lead compiler and software architecture, while Youngjin Cho will accelerate chip development as the Vice President of Hardware[1]. These appointments underscore FuriosaAI's strategic focus on architecture innovation and software maturity to maintain a competitive edge in AI compute[1].
FuriosaAI's strategic moves have not gone unnoticed. The funding round was supported by the Korea Development Bank and Kakao Investment, and the company has secured significant success with the Furiosa RNGD chip and a design win with LG AI Research[1][2]. In fact, LG AI Research has adopted the RNGD chip to power its EXAONE AI platform, targeting sectors such as electronics, finance, telecommunications, and biotechnology[1][2].
Yoon D. Kang, CEO of PI Partners, expressed his excitement about deepening their partnership with FuriosaAI as they enter their next phase of growth. June Paik, the co-founder and CEO of FuriosaAI, has demonstrated the ability to deliver on the audacious vision for transforming AI computing[1].
FuriosaAI aims to address the issues of high power consumption and costs associated with legacy GPU hardware in AI computing. With this new funding, the company plans to scale RNGD production globally and accelerate the development of its next-generation chip[1][3]. The company's vision is to deliver a new foundation for AI that is both powerful and efficient, helping to overcome the broken business model that AI currently operates under, where infrastructure costs and power-hungry GPUs pose critical, worsening roadblocks[4].
Since its founding in 2017, FuriosaAI has raised a total of $246 million and is currently valued at $735 million[5]. As the company continues to make strides in the AI computing sector, it remains independent, expanding chip production, collaborating with key customers, and investing in executive talent to accelerate development and scale AI infrastructure efficiency following its recent $125 million Series C funding round[1][2][3].
[1] https://www.furiosaai.com/news/furiosaai-completes-125-million-series-c-funding-round [2] https://www.furiosaai.com/news/furiosaai-declines-800-million-acquisition-offer-from-meta [3] https://www.furiosaai.com/news/furiosaai-achieves-significant-design-win-with-lg-ai-research [4] https://www.furiosaai.com/news/furiosaai-addresses-the-broken-business-model-of-ai [5] https://www.crunchbase.com/organization/furiosaai
FuriosaAI, with its recent Series C funding of $125 million, aims to invest in the development of its next-generation chip and scale production globally, revolutionizing the AI computing business by addressing the issues of high power consumption and costs associated with legacy GPU hardware. The company's innovative technology, demonstrated by the RNGD chip, has attracted key investors like the Korea Development Bank and Kakao Investment and has been adopted by LG AI Research for sectors such as finance, telecommunications, and electronics.
