South Korean AI chip startup Rebellions has been developing rapidly recently, and its ambitious goal is to challenge Nvidia and become South Korea's AI chip leader. This time it announced the completion of Series B financing of US$124 million, bringing the total financing amount to US$210 million and a valuation of more than US$650 million, demonstrating investors' great confidence in its future development. The funds will be mainly used for the research and development of the next-generation AI chip Rebel and the mass production of data center chip Atom to further consolidate its competitive position in the market.
South Korean AI chip startup Rebellions announced the completion of a US$124 million Series B financing, which it plans to use to promote the research and development of the next generation AI chip Rebel and increase the production of data center chip Atom. The company aims to challenge Nvidia and become the "Nvidia of South Korea" and plans to start mass production of Rebel chips in 2025. Korea Telecom led the investment, with a total financing amount of US$210 million and a valuation of more than US$650 million.Rebellions’ successful financing and ambitious goals indicate that South Korea will emerge as a more powerful competitive force in the field of AI chips, and its future development is worth looking forward to. Its plan to mass-produce Rebel chips in 2025 will also have a certain impact on the global AI chip market structure.