By Cristian Dina
Publication Date: 2026-10-29 18:20:00
FuriosaAI, a Seoul-based maker of AI inference chips, has raised $620m in a Series D round. The round values it at about $2.9bn. South Korea’s National Growth Fund put in $280m, making it the largest investor.
The company announced the round in a press release and a blog post. Its previous round last year valued it at $735m, so its valuation has quadrupled, Yoolim Lee reported for Bloomberg, which had the news first.
“We see strong demand and opportunities as we are scaling our business globally,” chief executive June Paik said on Bloomberg Television on Thursday.
Who invested
International investors put $110m into the FuriosaAI Series D. US firm Infinitum was the largest of them. Jericho Capital, Worldline Capital, Cisco Investments, Abu Dhabi’s NeoFort Holding and Singapore’s QUDA Capital Partners joined it. QUDA’s founder, Charlie Foo, is a former Nvidia executive and now advises FuriosaAI.
Existing shareholders added $125m, including all three seed investors: NAVER, DSC Investment and KDB Capital. The Export-Import Bank of Korea made its first direct investment in a startup, and asset manager UAMCO committed $30m.
“Taking an advanced AI chip from design to volume production is an exceptionally difficult undertaking, and few companies have demonstrated the ability to do so successfully,” said John Yetimoglu, chief investment officer at Infinitum.
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