Rebellions, a South Korean fabless artificial intelligence chip startup, has raised $400 million in a pre-IPO round led by Mirae Asset Financial Group and the Korea National Growth Fund, the company said in an announcement.
The company designs chips for inference — the compute used when AI models answer user queries — and is pursuing an aggressive global expansion across Asia, the Middle East and the U.S.
Rebellions said the new funding brings its total capital raised to $850 million, with $650 million raised in the last six months, and values the company at approximately $2.34 billion. The startup previously closed $124 million in a Series B and $250 million in a Series C.
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Alongside the financing, Rebellions introduced two infrastructure products, RebelRack and RebelPOD. The company described POD as a production-ready unit of inference compute and said Rack "integrates multiple racks into a scalable cluster designed for large-scale AI deployment." "AI is now measured by its ability to operate in the real world at scale, under power constraints, and with clear economic return," said Sunghyun Park, co-founder and CEO of Rebellions.
In a conversation with TechCrunch, Chief Business Officer Marshall Choy said the company has established entities in the U.S., Japan, Saudi Arabia, and Taiwan and is building an ecosystem of technology partners abroad; Choy declined to comment on IPO timing.
The recap
- Rebellions raised $400 million in a pre-IPO funding round.
- Company valuation sits at approximately $2.34 billion, the company said.
- Funding precedes a planned initial public offering later this year.
