AI semiconductor design company FuriosaAI announced on the 31st that it has successfully secured $125 million (approximately 173.6 billion won) in Series C investment.
FuriosaAI disclosed this on its official website that the total investment amount has reached $246 million (approximately 341.7 billion won).
This investment included participation from Korea Development Bank, Industrial Bank of Korea, Keistone Partners, PI Partners, and Kakao Investment.
Kim Do-young, CEO of Kakao Investment, evaluated, "FuriosaAI has built a strong alternative for AI inference graphics processing units (GPUs), and their tensor contraction processor chip architecture provides essential performance and power efficiency for next-generation AI applications."
FuriosaAI stated it would immediately invest the newly secured funds in expanding the production of its main chip, RNGD, accelerating market entry, and developing the next-generation chip.
The company added that it is making bold investments to secure the most suitable solutions for future AI agent systems and inference models, aiming to expand the limits of high-performance, ultra-efficient AI computing through the design and mass production of next-generation chips.
Recently, LG AI Research announced that it will adopt FuriosaAI's RNGD chip for its large language model (LLM) Exaone.
LG's experimental results showed that RNGD demonstrated 2.25 times superior performance in inference execution of the mid-sized model Exaone compared to existing GPUs.
Meanwhile, FuriosaAI appointed Kang Ji-hoon, associate professor of the School of Computing at Korea Advanced Institute of Science and Technology (KAIST), as Chief Research Officer (CRO), and Cho Young-jin, former executive at Samsung Electronics' memory division, as vice president of the hardware institutional sector.