Furiosa raises $620M Series D to scale RNGD accelerator production
Overview
FuriosaAI announced a $620 million Series D funding round to scale production of its RNGD accelerators and continue development of its third-generation accelerators, which it is building with Broadcom.
The company expects to produce around 20,000 RNGD accelerators this year and roughly double that in 2027.
The Next Platform reports that demand for domestically sourced AI chips is rising as countries seek to reduce dependence on US suppliers. It cites Japanese neocloud ai& planning to deploy up to 100 of Rebellions' RebelRack systems, a rival Korean chip company.
Written by AI from the articles below · updated Oct 30, 3:51 PM ET
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- The Next PlatformNewsFuriosa raises $620 million to scale South Korean AI accelerators amid sovereign supply chain push
AIFuriosa announced a $620 million Series D round to scale production of its RNGD accelerators, targeting about 20,000 units this year and roughly double that in 2027. The article says demand for domestically sourced AI chips is rising as countries seek to reduce dependence on US suppliers, citing Japanese neocloud ai& planning to deploy up to 100 of Rebellions' RebelRack systems.
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