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Samsung-backed AI chip firm Rebellions raises $400 million ahead of IPO [CNBC]
Last nvidia corporation earnings: 2/13 04:20 pm
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Key Points South Korean AI chip startup Rebellions raised $400 million at a valuation of $2.34 billion. The company plans to use the funds to expand in the U.S. as it prepares for an initial public offering. Rebellions' chips are focused on AI inferencing where it competes with Nvidia as well as other startups from Groq to Cerebras. In this article The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips. South Korean AI chip startup Rebellions said Monday it has raised $400 million as it looks to expand into the U.S. market ahead of a public listing. Mirae Asset Financial Group and the Korea National Growth Fund, an investment vehicle of the South Korean government, led the round, which values Rebellions at $2.34 billion. Rebellions is one of the many semiconductor startups looking to capitalize on demand for AI chips and investor appet
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