- Companies
- FuriosaAI
FuriosaAI Valuation, Funding & Investors
FuriosaAI is valued at $2.9B as of October 2026.
Last FuriosaAI valuation
$2.9B
Series D · Oct 2026
Last FuriosaAI funding round
$620M
Series D · Oct 2026
Cumulative funding FuriosaAI raised
$898M
across 7 funding rounds
Key investors in FuriosaAI
DSC Investment
Korea Development Bank
Quantum Ventures Korea
Industrial Bank of Korea
IMM Investment
KDB Capital
About FuriosaAI
FuriosaAI is a Seoul-based semiconductor firm designing AI accelerators for hyperscale data centers. The company launched the Warboy RTPU in 2023, delivering 40 tokens/second for Llama 70B at 75W TDP with 1,000 TOPS INT8 performance. FuriosaAI supplies chips to Naver Cloud and SK Telecom, scaling to clusters handling 10 PFLOPS for inference workloads.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$2.9B (Oct 2026)
FuriosaAI Valuation
FuriosaAI is currently valued at $2.9B, based on its Series D in October 2026. Read the announcement ↗
The $620M round included Worldline Capital, Nextrans, Infinitum Partners, Jericho Capital, DSC Investment and 9 other investors.
FuriosaAI's valuation has grown 3.8x from $770M at its Series C in July 2025 to $2.9B in October 2026, across 2 priced rounds.
FuriosaAI valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2026 | Series D | $2.9B |
| Jul 2025 | Series C | $770M |
FuriosaAI Funding History
FuriosaAI has raised a total of $898M across 7 funding rounds.
FuriosaAI's first fundraising round was a $7M Series A in November 2019. The most recent completed round was a $620M Series D in October 2026.
FuriosaAI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2026 | Series D | Worldline Capital; Nextrans; Infinitum Partners; Jericho Capital; DSC Investment; UAMCO; Cisco Investments; NeoFort Holding; QUDA Capital Partners; Korea National Growth Fund; KDB Investment; Kakao Investment; Naver Ventures; Hanwha Asset Management | $620M | $2.9B | FuriosaAI completed a $620 million (KRW 820 billion) Series D round, announced on 29 October 2026, bringing its post-money valuation to approximately $2.9 billion, about 3.8 trillion won. South Korea's National Growth Fund was the largest investor, contributing $280 million. International investors contributed a total of $110 million, among them Infinitum, Jericho Capital, QUDA Capital Partners, Cisco Investments, Worldline Capital and NeoFort Holding. Existing shareholders contributed $125 million in follow-on investments, including Korea Development Bank with an additional $22 million, Naver Ventures, DSC Investment, KDB Capital, Nextrans and Kakao Investment. Korea's United Asset Management Company committed $30 million as the largest new domestic investor after the National Growth Fund, and Hanwha Asset Management also joined. Chief executive and co-founder June Paik said the round reflects investor confidence in the company's technology and ability to execute. FuriosaAI is a Seoul-based AI semiconductor company that designs inference accelerators for data centers, including the RNGD chip built on TSMC 5nm, with research and development having begun in 2017. |
| Jun 2026 | Undisclosed stage | Korea Eximbank (lead) | $13M | - | In June 2026, the Export-Import Bank of Korea (Korea Eximbank) made its first-ever direct equity investment in a venture company, acquiring redeemable convertible preferred shares (RCPS) in FuriosaAI for KRW 20 billion (approximately USD 13 million). This investment was enabled by the revised Eximbank Act, which allows direct investments without ties to loans or guarantees, marking a significant expansion of the bank's policy financing capabilities. The strategic rationale centers on supporting the Korean government's AI transformation (AX) policy, with the bank establishing a portfolio spanning the entire AX value chain from AI semiconductors to cloud infrastructure. FuriosaAI is a leading domestic fabless AI semiconductor design company based in Seoul, recognized as a top AI chip developer in Korea. The company is currently scaling RNGD production beyond prototype milestones, with HBM3E-based upgrades and public-sector distribution plans underway. The deal structure involves RCPS, which allow the investor to be repaid within a set period or convert holdings into common stock. The company's operational scale includes semiconductor design activities focused on AI chip development for the domestic and public sectors. Financial terms were not disclosed. |
| Jul 2025 | Series C | Industrial Bank of Korea; Cape Investment & Securities; IMM Investment; DSC Investment; Keistone Partners; Daesung Private Equity; Korea Development Bank; KEB Hana Bank; Kakao Investment; Kstone; IBK Venture Investment | $123M | $770M | FuriosaAI is a Korean AI semiconductor company developing efficient AI inference chips, including the Renegade (RNGD) accelerator, which offers superior performance per watt compared to GPUs and has secured design wins like LG AI Research. The company completed a Series C bridge funding round raising approximately $123 million (KRW 170 billion) around July 2025, led by investors including Korea Development Bank, Kakao Investment, Cape Investment & Securities, Daesung Private Equity, DSC Investment, IBKS No 23 Special, IBK Venture Investment, IMM Investment, Industrial Bank of Korea, KEB Hana Bank, Keistone Partners, and Kstone, among others. This round pushed the company's valuation past $770 million (KRW 1 trillion), entering unicorn status, with another source citing $735 million; it matched the total capital raised over FuriosaAI's prior 7-year history from seed through Series C. Private equity firms invested around $29 million (KRW 40 billion), signaling recognition of FuriosaAI as a growth-stage company with strong technology and market potential. Existing investors continued participation, joined by new ones like Keistone Partners and Daesung Private Equity. Funds will scale Renegade chip production for enterprise customers and develop the third-generation AI chip. CEO Junho Baek highlighted market trust and plans for global revenue expansion. Since founding in 2017, FuriosaAI has raised a cumulative $246 million. The RNGD chip delivers up to 512 trillion calculations per second in FP8 format on a 180-watt PCIe card, with server options up to 4 petaflops. Later reports note a rejected $800 million acquisition offer from Meta and talks for a $300-500 million Series D at prior $735 million valuation, with potential IPO in 2027. |
| Feb 2025 | Seed | CRIT Ventures (lead) | $1M | - | FuriosaAI is a South Korean AI semiconductor fabless company founded in 2017, specializing in developing AI inference chips for data center servers. CEO Junho Baek, a Georgia Tech master’s graduate with prior experience as a GPU and CPU development engineer at Samsung Electronics and AMD, leads the company. On February 3, 2025, FuriosaAI secured a $1.5 million (KRW 2 billion) investment from CRIT Ventures to expand AI chip development. |
| Jul 2023 | Series C | Industrial Bank of Korea; DSC Investment; Korea Investment Partners; Korea Development Bank; Kyobo Life Insurance; L&S Venture Capital; Quantum Ventures Korea; Game Changer Investment | $62M | - | - |
| Jun 2021 | Series B | KDB Capital; IMM Investment; DSC Investment; Korea Omega Investment; Korea Development Bank; Quantum Ventures Korea; AION Capital Partners; NAVER | $71M | - | - |
| Nov 2019 | Series A | KDB Capital; Schmidt; DSC Investment; Korea Omega Investment; Korea Development Bank; Quantum Ventures Korea | $7M | - | - |
Who has invested in FuriosaAI?
35 investors have backed FuriosaAI across its funding rounds, including DSC Investment, Korea Development Bank, Quantum Ventures Korea, Industrial Bank of Korea, IMM Investment and KDB Capital.
Lead investors include Korea Eximbank and CRIT Ventures.
FuriosaAI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Participant | Nov 2019 | ||
| 4 | Participant | Nov 2019 | ||
| 3 | Participant | Nov 2019 | ||
| 2 | Participant | Nov 2019 | ||
| 2 | Participant | Jul 2023 | ||
| 2 | Participant | Jun 2021 | ||
| 2 | Participant | Nov 2019 | ||
| 2 | Participant | Jul 2025 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Oct 2026 | ||
This data is available for Pro users. Sign up to see all 35 FuriosaAI investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialFuriosaAI Competitors
FuriosaAI competitors include listed companies like D-Wave Quantum and Core Scientific, and private ones like Sunrise, Xsight Labs, Kunlun Core and Machxin Technology.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3B | - | ||
| Private | - | - | $2.8B | - | ||
| Private | $507M | - | $3B | 6.0x | ||
| Private | - | - | $2.5B | - | ||
| Publicly listed | $25M | ($373M) | $4B | 89.6x | ||
| Publicly listed | $319M | ($211M) | $4.3B | 10.9x |
FuriosaAI Public Comps
FuriosaAI is still privately-owned, but its public comps include Ionic Digital, Cipher Digital, ChronoScale, D-Wave Quantum, Silex Microsystem, IQM Quantum Computers, Core Scientific, Pasqal, POET Technologies and Xanadu.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $141M | ($248M) | 19.4x | - | (11.1x) | - | |||
| $224M | ($608M) | 34.9x | 35.9x | (12.8x) | (329.8x) | |||
| $72M | $21M | 30.6x | - | 106.2x | - | |||
| $25M | ($373M) | 144.2x | 89.6x | (9.5x) | (30.4x) | |||
| $141M | $49M | 11.2x | - | 32.3x | - | |||
| $35M | ($47M) | 44.0x | - | (33.1x) | - | |||
| $319M | ($211M) | 21.3x | 10.9x | (32.1x) | 37.2x | |||
| $18M | ($89M) | 54.7x | - | (11.3x) | - | |||
This data is available for Pro users. Sign up to see all FuriosaAI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about FuriosaAI
| When was FuriosaAI founded? | FuriosaAI was founded in 2017. |
| Where is FuriosaAI headquartered? | FuriosaAI is headquartered in Seoul, South Korea. |
| Is FuriosaAI publicly listed? | No, FuriosaAI is a private, VC-backed company. |
| What is FuriosaAI's valuation? | FuriosaAI was last valued at $2.9B in its Series D in October 2026. |
| How much funding has FuriosaAI raised? | FuriosaAI has raised $898M across 7 funding rounds. |
| What was FuriosaAI's last funding round? | FuriosaAI's last funding round was a $620M Series D in October 2026. |
| Who are FuriosaAI's investors? | FuriosaAI's investors include DSC Investment, Korea Development Bank, Quantum Ventures Korea, KDB Capital, Industrial Bank of Korea, IMM Investment, Korea Omega Investment, Kakao Investment, Worldline Capital, Schmidt and 25 others. |
| Which companies are comparable to FuriosaAI? | Companies comparable to FuriosaAI include Sunrise, Xsight Labs, Kunlun Core, Machxin Technology, D-Wave Quantum and Core Scientific. |
See companies similar to FuriosaAI
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




