Fresh from a successful Series C financing in November, neo-Korean AI chip startup Rebellions raised an additional $400 million.
The latest infusion of funding, which comes ahead of a planned IPO later this year, was led by Mirae Asset Financial Group and the Korea National Growth Fund. It also comes at the same time that the company joins an aggressive expansion effort — with recently announced plans to increase its presence not only in Asia but also in the Middle East and the USA
Founded in 2020, Rebellions develops and designs AI chips while outsourcing their manufacturing. The startup’s chips are designed for inference — the computation required for AI models to answer user queries. The conclusion has gained importance as LLMs have matured and begun to see widespread commercial development.
The company closed $124 million in a Series B in 2024. Then in November, Rebellions raised an additional $250 million during Series C. As of today, the company’s total fundraising now stands at $850 million — $650 million of which was raised in the last six months. Meanwhile, the startup’s valuation stands at about $2.34 billion, the company said Monday.
In addition to the funding round, Rebellions also announced the launch of two new products: RebelRack and RebelPOD, which are described as AI infrastructure platforms. POD represents a production-ready inference unit, while Rack “integrates multiple racks into a scalable cluster designed for large-scale AI deployment,” the company said.
In a chat with TechCrunch, Rebellions Chief Business Officer Marshall Choy — who is leading the company’s global expansion efforts — said it recently established entities in the US, Japan, Saudi Arabia and Taiwan. Choy said the company is building its technology partner ecosystem in the US, where it plans to attract cloud providers, government agencies, telcos and Neoclouds. He declined to comment on the IPO timeline.
“Artificial intelligence is now measured by its ability to operate in the real world at scale, under power constraints and with clear economic return,” said Sunghyun Park, co-founder and CEO of Rebellions. “This shifts the center of gravity to the inference infrastructure and the software that makes that infrastructure usable.”
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Rebellions is one of the a new generation of chip startups who tried to challenge NVIDIA once iron rule in the chip industry. As that dominance has begun to wane, other big tech companies like AWS, Meta and Google — along with a new generation of startups — have also tried to produce their own chips.
