AI Chip Startup Rebellions Snags Funding to Challenge Nvidia (1)

Rebellions Inc. secured $124 million from investors including KT Corp. to accelerate the development of a next-generation AI chip, underscoring growing interest in the hardware that drives artificial intelligence.

The South Korean startup closed a Series B financing led by the wireless carrier at a valuation of more than $650 million. Singapore’s Pavilion Capital, KT’s datacenter subsidiary KT Cloud Co. and Shinhan Venture Investment Co. took part in the financing, the company said in a statement. New backers that joined the deal included Koreyla Capital from France and Japan’s DGDV.

The ATOM Chip designed by Rebellions and fabricated by Samsung.

Source: Rebellions Inc.

Rebellions is one of several emergent players trying ...