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Rebellions lands $124M to develop its new AI Rebel chip with Samsung
Rebellions, a South Korean fabless AI chip startup, said today it has closed $124 million (165 billion KRW) in a Series B round of funding to develop its South Korean AI chip maker Rebellions has raised $124 million to develop its AI chip Rebel with Samsung
This Series B values the three-year-old startup at approximately $658 million (880 billion KRW) post-money, CFO of Rebellions, Sungkyue Shin, said in an exclusive interview with TechCrunch. Open AI chief executive officer Sam Altman reportedly visited South Korea last week to meet the country’s chip industry leaders, Samsung and SK Hynix. Rebellions CEO Sunghyun Park, a former quant developer at Morgan Stanley in New York, and four co-founders set up the AI chip startup in 2020.
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