Yoolim Lee / Bloomberg : Seoul-based AI chip startup FuriosaAI raised a $620M Series D at a $2.9B valuation, up from $735M in 2025; South Korea's National Growth Fund contributed $280M — South Korean AI chip startup FuriosaAI quadrupled its valuation to $2.9 billion in a fresh funding round, bolstering its bid to challenge the likes of Nvidia Corp.
Seoul-based AI chip startup FuriosaAI raised a $620M Series D at a $2.9B valuation, up from $735M in 2025; South Korea's National Growth Fund contributed $280M (Yoolim Lee/Bloomberg)
In short
Seoul-based FuriosaAI secured $620 million in Series D funding, propelling the startup's valuation to $2.9 billion. The round quadrupled the company's previous $735 million valuation recorded in 2025. Significant backing came from South Korea's National Growth Fund, which contributed $280 million to the financing. The new funds will directly support FuriosaAI's strategic initiatives to compete with market leader Nvidia Corp.
Key points
- FuriosaAI intends to use the capital influx to directly challenge industry dominance held…: FuriosaAI intends to use the capital influx to directly challenge industry dominance held by Nvidia Corp.
- The substantial financing round highlights major sovereign investor confidence through So…: The substantial financing round highlights major sovereign investor confidence through South Korea's National Growth Fund.
- Rapid valuation expansion demonstrates escalating competitive momentum in the regional ar…: Rapid valuation expansion demonstrates escalating competitive momentum in the regional artificial intelligence semiconductor market.