**”Accumulated Investment of 341.7 Billion KRW Expands AI Computing Limits”**
FuriosaAI, a low-cost, high-efficiency AI semiconductor design company, has successfully secured a Series C investment of $125 million (approximately 173.6 billion KRW).
On the 31st, FuriosaAI revealed this information through its website, reporting a total accumulated investment of $246 million (approximately 341.7 billion KRW). Participants in this round of investment included Korea Development Bank, Industrial Bank of Korea, Keystone Partners, PI Partners, and Kakao Investment.
Kim Do-young, CEO of Kakao Investment, praised FuriosaAI for building a powerful alternative to AI inference GPUs, saying, “Their tensor contraction processor chip architecture offers the essential performance and power efficiency required for the next generation of AI applications.”
FuriosaAI announced plans to immediately allocate the newly secured funds toward expanding the production of their flagship chip, Renegade, accelerating market entry, and developing next-generation chips.
The company stated they are making bold investments to secure the best solutions for future AI agent systems and inference models and expressed their ambition to extend the limits of high-performance, ultra-efficient AI computing through the design and mass production of next-generation chips.
Recently, LG AI Research announced the adoption of FuriosaAI’s Renegade chip in its large language model (LLM), Exaone. According to LG’s experimental results, Renegade demonstrated 2.25 times superior performance per watt compared to existing GPUs in the inference execution of Exaone, which is a medium-sized model.
Additionally, FuriosaAI has appointed Kang Ji-hoon, an associate professor in the Department of Computer Science at KAIST, as the Chief Research Officer (CRO) and Cho Young-jin, a former executive from Samsung Electronics’ Memory Division, as the Vice President of Hardware Division.