South Korean chip designer Rebellions has raised US$400 million (A$583.1 million) in a funding round as it ramps up its expansion into the United States, the company said today.
Rebellions designs neural processing inference chips to run AI models, and was valued at $2.34 billion during the round.
"AI is now measured by its ability to operate in the real world — at scale, under power constraints, and with clear economic return," said Rebellions CEO Sunghyun Park. "That shifts the centre of gravity toward inference infrastructure and software that makes that infrastructure usable.”
“Our objective is to build a durable infrastructure company that enables the next phase of AI adoption," Park said. “That requires long-term investment in software, systems, and ecosystem — in addition to hardware — and a clear focus on making AI deployable at scale.”
The funding round was led by Mirae Asset Financial Group and the South Korean government’s Korea National Growth Fund. Rebellions has received a total of $850 million in funding, including $650 million in the past six months.
Rebellions is preparing for a future initial public offering, it said, though it did not provide details.
For its expansion into the U.S., Rebellions is targeting customers like Meta and xAI, Park told CNBC.
Rebellions also announced its RebelRack and RebelPOD AI infrastructure platforms would be available today. The RebelRack includes a production-ready unit of compute, according to the company, and the RebelPOD contains multiple racks of servers for large-scale AI deployment.
