FuriosaAI closes $620m Series D to expand AI inference hardware
Korea National Growth Fund and international investors backed the chipmaker as it scales RNGD accelerator production.
FuriosaAI has closed a $620 million Series D at a post-money valuation of about $2.9 billion. The South Korean chipmaker announced the financing on October 28 to expand deployment of its RNGD inference accelerators and develop its next generation of silicon.
Korea National Growth Fund committed ₩370 billion, or about $280 million. International participants include Infinitum, Jericho Capital, QUDA Capital, Cisco Investments, NeoFort Holding and Worldline Capital.
New investors also include the Export-Import Bank of Korea, UAMCO and Hanwha Asset Management. NAVER Ventures, DSC Investment, KDB Capital, Korea Development Bank, Nextrans and Kakao Investment participated alongside other returning backers.
FuriosaAI says RNGD is in mass production, with 20,000 accelerator cards planned for 2026 and memory and fabrication capacity secured to more than double output in 2027. Its hardware and software are designed for enterprise AI inference in data centres.
Use of funds
Global deployment of RNGD inference accelerators
Production expansion
Next-generation silicon development