South Korean AI chip startup Rebellions has raised $400 million in a pre-IPO funding round, valuing the company at $2.3 billion. The round was led by Mirae Asset Financial Group and the Korea National Growth Fund, following a Series C funding round in November 2025.
Rebellions, founded in 2020, designs AI chips specifically for AI inference, challenging Nvidia’s dominance in the sector. The startup outsources the fabrication of its chips. The company plans to use the funds to accelerate its global expansion, with a focus on growing its presence in Asia, the Middle East, and the U.S.
Company Context
Rebellions is a fabless AI chip startup that develops and designs AI chips for AI inference. The company outsources the fabrication of its chips, allowing it to focus on innovation in chip design.
Industry Context
The funding round highlights the growing interest in AI chip startups, as companies look to challenge established players like Nvidia. Rebellions’ focus on AI inference chips positions it as a potential competitor in the AI hardware market.
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Source: TechCrunch Hardware