FuriosaAI raises $620 million Series D at a $2.9 billion valuation to scale RNGD chips
Korean chip designer FuriosaAI closed a 20 million Series D at about .9 billion, led by the National Growth Fund, to ramp RNGD output and a third chip.
Summary
FuriosaAI, the Seoul company that designs AI inference chips, said on 29 October 2026 that it closed a $620 million Series D at a valuation of about $2.9 billion, roughly four times its 2025 level. South Korea's National Growth Fund put in $280 million. The money funds production of the RNGD accelerator, with targets of 20,000 units in 2026 and more than 40,000 in 2027, and a third-generation chip built with Broadcom.