FuriosaAI closes 820 billion won Series D at 3.8 trillion won valuation
The National Growth Fund put in 370 billion won as the largest investor, and UAMCO added 400 billion won among new domestic backers.
FuriosaAI said on October 29 that it has completed a Series D funding round totaling 820 billion won, with a post-investment valuation assessed at about 3.8 trillion won, according to aitimes.com.
The National Growth Fund invested 370 billion won and became the largest investor in the round. UAMCO put in 400 billion won, the largest amount among new domestic investors. US-based Infinitum, Singapore's QUDA Capital Partners and Cisco Investments also joined.
Existing shareholders Korea Development Bank, Naver and Nextrans made follow-on investments totaling 170 billion won. The Korea Export-Import Bank selected FuriosaAI as a direct venture investment target for the first time since its founding.
The company plans to use the proceeds to expand production and global commercialization of its second-generation AI chip RNGD, also known as Renegade, and to accelerate development of a third-generation AI accelerator in cooperation with Broadcom.
Commercial partnerships
In January 2026, FuriosaAI began mass production of Renegade and has since pursued commercialization cooperation with LG AI Research. Samsung SDS launched an NPUaaS service based on the chip, and Upstage adopted it for its Daum search summary service.
Quick answers
How much did FuriosaAI raise in its Series D?
The round totaled 820 billion won, with a post-investment valuation of about 3.8 trillion won.
Who led FuriosaAI's Series D round?
The National Growth Fund was the largest investor with 370 billion won, while UAMCO invested 400 billion won, the most among new domestic investors.
What will FuriosaAI do with the funding?
The company plans to expand production and global commercialization of its RNGD chip and speed up work on a third-generation accelerator with Broadcom.