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FuriosaAI raises $620 million Series D at $2.9 billion valuation

South Korean AI chip startup FuriosaAI has secured $620 million in Series D funding, quadrupling its valuation to $2.9 billion as it aims to challenge Nvidia and tackle data center power constraints.

Seoul-based artificial intelligence chip startup FuriosaAI has raised $620 million in a Series D funding round, according to reporting by Bloomberg's Yoolim Lee. The fresh capital quadruples the company's valuation to $2.9 billion, a substantial leap from its $735 million valuation in 2025.[1][2][3][5]

South Korea's National Growth Fund provided major backing for the round, contributing $280 million of the total raised.[1][3]

A developer of energy-efficient AI inference chips, FuriosaAI is positioning itself to tackle the growing power bottlenecks in data centers while bolstering its push to compete against industry giants like Nvidia Corp.[2][3][4][5]

Key facts

  • FuriosaAI is a Seoul-based South Korean startup developing energy-efficient AI inference chips.
  • FuriosaAI raised $620 million in a Series D funding round, reported by Bloomberg.
  • The Series D round values FuriosaAI at $2.9 billion, quadrupling its previous valuation of $735 million in 2025.
  • South Korea's National Growth Fund contributed $280 million to the round.
  • The funding supports FuriosaAI's bid to compete with Nvidia and solve data center power bottlenecks.

Sources · 5 sources

  1. TE

    Techmeme@TechmemePost on X ·

    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 (@yoolimleenews / Bloomberg) (Visit Techmeme dot com for the link and full context!)

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  2. BL

    Bloomberg@businessPost on X ·

    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 https://t.co/PU2EwjxAr8

    Open source
  3. TE

    TechmemeArticle ·

    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) 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.

    Open source
  4. SI

    SiliconANGLE@SiliconANGLEPost on X ·

    Energy-efficient inference chip developer FuriosaAI raises $620M to solve the data center power bottleneck https://t.co/YsXLMIzJjj

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  5. AG

    AGTP@AGTPinsightsPost on X ·

    BREAKING: South Korean AI chip startup FuriosaAI quadruples its valuation to $2.9 billion after raising $620 million in a Series D round, as it challenges Nvidia. https://t.co/vYr8QgPZ30

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