FuriosaAI Raises $620 Million in Series D Funding to Scale AI Chip Production and Accelerate Next-Generation Development
FuriosaAI, an artificial intelligence semiconductor company focused on delivering sustainable, high-performance inference computing for data centers, has completed a $620 million (KRW 820 billion) Series D funding round, bringing its post-money valuation to approximately $2.9 billion. The investment marks a significant milestone for the South Korean company as it expands commercial deployments of its RNGD AI inference accelerator and strengthens its position in the rapidly growing global AI infrastructure market.
The newly secured capital will support FuriosaAI’s plans to increase RNGD production, expand its software ecosystem and accelerate development of its third-generation AI accelerator, known as Gen 3. The funding comes as enterprises increasingly deploy AI applications that require efficient, scalable computing resources to process requests and deliver results in real time.
FuriosaAI is positioning its technology to address the growing demand for AI inference, the process through which trained AI models generate responses, predictions and other outputs. As organizations integrate generative AI, search summarization and other AI-powered services into their operations, demand for specialized semiconductor solutions capable of delivering high performance with improved energy efficiency continues to increase.
Global Investors Support FuriosaAI’s Expansion
The Series D round attracted substantial participation from international investors, who collectively contributed $110 million. Their involvement brings additional expertise in AI semiconductors, computing infrastructure and global technology markets, supporting FuriosaAI’s ambition to expand beyond its domestic market.
U.S.-based Infinitum, an investment firm with extensive experience in the AI semiconductor sector, emerged as the largest international investor in the financing round. The firm’s participation reflects its confidence in FuriosaAI’s progress from semiconductor development toward commercial production and enterprise deployment.
Singapore-based QUDA Capital Partners also joined the round. Its Founder and Managing Partner, Charlie Foo, previously held senior leadership positions at NVIDIA and Mellanox Technologies, including Vice President and General Manager for Asia Pacific Enterprise Business. Foo currently serves as a Principal Advisor to FuriosaAI, bringing experience in the AI computing and enterprise technology sectors.
Other international participants included Cisco Investments, Abu Dhabi-based NeoFort Holding, and U.S.-based technology investment firms Jericho Capital and Worldline Capital. Their participation adds to the international investor base supporting FuriosaAI’s commercial expansion and next-generation product development.
The combination of domestic institutional financing and international investment provides the company with additional resources to expand manufacturing, support customers and pursue opportunities in the global AI semiconductor industry.
South Korea’s National Growth Fund Leads the Financing
South Korea’s National Growth Fund invested $280 million, making it the largest investor in the Series D round. Its participation supports broader national efforts to strengthen domestic AI computing infrastructure and develop a competitive semiconductor ecosystem.
South Korea has an established electronics and semiconductor industry, and specialized AI processors represent an important area of potential growth. Investments in companies developing AI accelerators can support domestic technology development while helping expand the availability of computing infrastructure for enterprises and public-sector organizations.
The National Growth Fund’s investment also helped accelerate the financing round, reinforcing FuriosaAI’s ability to pursue its production and commercialization objectives.
Existing shareholders contributed an additional $125 million through follow-on investments, demonstrating continued confidence in the company’s long-term prospects. Among them, the Korea Development Bank (KDB), one of FuriosaAI’s major existing shareholders, invested another $22 million.
All three of FuriosaAI’s original seed investors—NAVER, DSC Investment and KDB Capital—participated in the latest round. Their continued involvement highlights the company’s ability to maintain support from early backers as it advances from research and development toward broader commercial operations.
DSC Investment first invested in FuriosaAI in 2017 and has participated in every financing round since the company’s seed stage. NAVER initially supported the business through NAVER D2SF, its early-stage investment arm, while its investment in the Series D round was made through NAVER Ventures, NAVER’s Silicon Valley-based investment platform.
“We look for the moment a technology company moves from proving its technology to proving its business. FuriosaAI is at that point now, with its chip in volume production and in deployment with customers,” said Yong Jung Park, General Partner of NAVER Ventures.
Park added that NAVER Ventures aims to help FuriosaAI expand in North America, where the investor believes it can contribute its regional expertise and support the company’s international growth.
Additional Korean Investors Strengthen Funding Support
Nextrans and Kakao Investment also participated in the Series D financing. Both firms became FuriosaAI shareholders during its Series C bridge round in 2025 and increased their commitments as the company progressed toward mass production and global commercialization.
The round also attracted new Korean institutional investors. The Export-Import Bank of Korea selected FuriosaAI for its first direct investment in a startup, marking a notable development in the company’s financing history.
Korea’s United Asset Management Company (UAMCO) committed $30 million, becoming the largest new domestic investor after the National Growth Fund. Hanwha Asset Management also joined the round.
The broad investor participation provides FuriosaAI with financial backing as it seeks to expand production capacity and establish a larger presence in the competitive AI accelerator market. The involvement of investors from different sectors and regions also reflects growing interest in specialized computing hardware designed for AI workloads.
RNGD Commercial Deployments Drive Growth
FuriosaAI’s RNGD AI inference accelerator is central to the company’s expansion strategy. The company has moved beyond chip development into production and customer deployments, an important step for semiconductor businesses seeking to establish long-term commercial viability.
June Paik, Co-Founder and CEO of FuriosaAI, said the Series D financing reflects international investor confidence in the company’s technology and execution capabilities.
“This Series D financing marks an important milestone for FuriosaAI and reflects the confidence of investors around the world in our technology and ability to execute,” Paik said. “We are particularly encouraged by the participation of investors with deep expertise and experience in the global AI semiconductor and infrastructure industries.”
Paik said the company is entering a new phase of bringing its technology to the global AI infrastructure market at scale. The company’s priorities include accelerating RNGD commercialization and advancing Gen 3 development to help shape the next generation of AI infrastructure.
Customer deployments are already providing examples of how the accelerator can be integrated into enterprise AI services.
LG Group is running its EXAONE deployments on RNGD, while AI company Upstage is using the accelerator to deliver live search summarization to millions of users. Samsung SDS also launched its commercial neural processing unit (NPU)-as-a-service offering based on RNGD in July 2026.
These deployments demonstrate the range of applications the company is targeting, from enterprise AI infrastructure and AI model services to commercial computing platforms. They also provide a foundation for expanding adoption as organizations seek computing solutions that can support growing inference workloads.
John Yetimoglu, Chief Investment Officer at Infinitum, emphasized the difficulty of bringing advanced semiconductor products from design into volume production.
“Taking an advanced AI chip from design to volume production is an exceptionally difficult undertaking, and few companies have demonstrated the ability to do so successfully,” Yetimoglu said.
He noted that FuriosaAI has secured production deployments with major enterprises, including Samsung SDS and LG Group. According to Yetimoglu, the combination of technological innovation and commercial execution gives Infinitum confidence in the company’s ability to expand RNGD globally and pursue its Gen 3 development roadmap.
Production Capacity to More Than Double by 2027
FuriosaAI expects to produce 20,000 RNGD accelerators in 2026. The company plans to increase production to more than 40,000 units in 2027, more than doubling its expected annual output to meet growing customer demand.
Achieving these targets will be an important part of the company’s effort to translate investor funding into commercial growth. Semiconductor production requires coordinated planning across manufacturing, component supply, testing, software support and customer integration. Expanding output while maintaining product quality and deployment readiness will therefore be central to FuriosaAI’s execution strategy.
The additional funding is expected to support the manufacturing expansion while helping the company strengthen the software ecosystem surrounding its accelerators. Software compatibility, development tools and integration capabilities are important factors in enterprise adoption because customers need to deploy and manage AI workloads within existing computing environments.
Alongside production growth, investment in Gen 3 will support the company’s longer-term product roadmap. Developing next-generation accelerators will be important as AI workloads evolve and customers seek improved performance, efficiency and scalability.
Positioning for the Next Phase of AI Infrastructure
The $620 million Series D round gives FuriosaAI additional resources to scale its current products while preparing for future generations of AI computing hardware. Its approximately $2.9 billion post-money valuation reflects the level of investor interest in the company’s technology, commercial progress and growth opportunities.
The company’s immediate priorities are to expand RNGD production, support existing enterprise deployments, develop its software ecosystem and accelerate Gen 3 development. Its planned increase from 20,000 accelerators in 2026 to more than 40,000 in 2027 will be a key milestone as it responds to demand from enterprise customers.
With support from South Korean institutional investors, international technology-focused funds and existing shareholders, FuriosaAI is seeking to strengthen its position in the global AI semiconductor market. The company’s ability to deliver on its production targets, expand customer adoption and advance its next-generation accelerator will be important factors in determining how effectively it converts the latest financing into sustained commercial growth.
