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AI chipmaker Rebellions Closes $124M

sungho-choo - 2024 January 31

AI chipmaker Rebellions announced that it has closed its Series B funding round, securing $124 million. This latest funding boost brings Rebellions’ total capital raised to an impressive $200 million in just three and a half years, solidifying its position as the leading Korean semiconductor startup.

The funding was led by KT, Korea’s premier datacenter corporation, and included notable participation from KT’s subsidiary kt cloud and Shinhan Venture Investment. The round was also boosted by global investors, with Temasek’s Pavilion Capital, making a follow-on investment. New investors include Koreyla Capital from France and DGDV from Japan, marking a global endorsement of Rebellions’ technological and strategical excellence.

Many follow-on investor as well as fresh investors participated in this round: Korea Development Bank, Noh& Partners, KB Securities, KB Investment,  SV Investment,  Mirae Asset Venture Investment, Mirae Asset Capital, IMM Investment, KT Investment, Seoul Techno Holdings, Oasis PE, Gyeongnam Venture Investment, and SDB Investment.

With the new funding, Rebellions plans to accelerate the development of the next-generation AI semiconductor called ‘REBEL,’ which is being jointly developed with Samsung Electronics. Additionally, the company aims to actively pursue securing domestic and international customers for the AI semiconductor ‘ATOM,’ which is set to begin production later this year.


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