Rebellions, a South Korean AI chipmaker, raised US$22.8M as an expansion to Series A funding led by KT, a telecommunications giant in the region. The funding round also included participation from Temasek’s Pavilion Capital, Korea Development Bank, SV Investment, Future Asset Capital, and Cacao ventures.
As per a Rebellions spokesperson, the expansion would enable mass-production of the second AI chip prototype ATOM to be used by cloud platforms and data centers.
KT aims to develop AI-powered chips like Neural Processing Units (NPUs) for data centers, self-driving vehicles, fintech services, etc. With the same vision, it is KT’s second investment in an AI chipmaker firm to accelerate its semiconductor business. It aims to expand and innovate to stand out like other semiconductor companies like NVIDIA and Qualcomm.
KT Hyeon-MoKu CEO said, “AI semiconductors are one of the next big technologies. We hope that through our partnership with KT, Rebellions will become a global fabless company like NVIDIA and Qualcomm.”
Rebellions founder and CEO Sunghyun Park said, “We look forward to collaborating with KT, a leader in the cloud and Internet data center industry, and the strategic partnership will be the driving force behind Rebel’s new growth and business.”
The company plans to continue its strategic investment in startups rising from stealth in a challenging investment environment.