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This Series B prize the three - yr - old inauguration at approximately $ 658 million ( 880 billion KRW ) office - money , CFO of Rebellions Sungkyue Shin said in an undivided audience with TechCrunch . This a la mode capital extract brings the total raise to around $ 210 million since rising ’ inception in 2020 .
KT , the South Korean telecom giant , led this latest troll as a strategic investor . old backers Temasek ’s Pavilion Capital and Korea Development Bank , and new investors including Korelya Capital and DG Daiwa Ventures , also participated .
Rebellions ’ fundraise come at a central moment in the scrap manufacture , specifically around the development and habit of AI micro chip .
Nvidia is the AI microprocessor chip market leader , its name synonymous with the AI boom that is presently sweep the engineering humanity . Manyhaveobservedhow Nvidia hasthrivedin part because of themoatcreated around an ecosystem of ironware and software . But it ’s far from secret plan - over for the quietus of the field of operations . Data processing and related to gamy toll continue to be major issues when it comes to AI app , so the scramble continues in the search for groundbreaking breakthrough to improve these .
Developments are coming from multiple fronts . Big Tech titans such asGoogle , Amazon , AppleandMicrosoftdevelop or have their own check to incorporate AI into their products and services . Open AI chief executive officer Sam Altman reportedlyvisited South Korea last weekto suffer the country ’s chip industry leaders , Samsung and SK Hynix . Beyond that , Open AIis said to be raising billion of dollarsto set up microprocessor chip fiction manufacturing plant , to make its own AI chips . And there are a figure of startups beyond Rebellions bringing Modern concepts to the table to speed up processing while improving efficiency .
Team up with Samsung
This fundraise — which has beenrumored for month — come on the cad of other moves at the inauguration . Last October , Rebellionsannouncedthat it would develop its newest Rebel chip in partnership with Samsung Electronics , building on a relationship itinitially forgedaround its mote microprocessor chip . The two companionship point to complete the development of Rebel by the end of this class and set about aggregate production in 2025 , Shin said , add that the next - generation AI fleck will aim the procreative AI securities industry running large language model ( LLMs ) and hyperscalers .
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Shin severalise TechCrunch that Rebel will use Samsung Electronics ’ 4 - nanometer fabrication process , and that its AI chip will be deployed in Samsung ’s advanced memory chip technologyHBM3E , project to handle high bandwidth retention , used for building and manoeuvre large oral communication models . Rebellions ’ unique merchandising decimal point is a call that its engineering and products have more versatility than customized AI french fries , meaning they can support various generative AI models that need AI accelerators .
The company CFO stressed that Rebellions will cooperate with Samsung from co - development and microprocessor chip design to aggregate product of Rebel . There is a second motivation for Samsung ’s work here : Aside from its efforts in chip , South Korea ’s big retention chip maker has been working on its own productive AI model , Samsung Gauss .
ATOM and ION
It ’s also been mould with customers using its premature generations of chips . In May 2023 , Rebellions ’ strategic investor , KT , installed Atom , Rebellions ’ datum - midpoint targeted AI flake , in its cloud - base neural processing units ( NPU ) base . Rebellions sound out it expect to render receipts from Atom in the 2nd one-half of this yr and will continue to bring forth that microprocessor chip model via Samsung ’s 5 - millimicron fabrication process . Atom is designed for data point center and language models of up to 7 billion parameters , while Rebel targets declamatory large spoken communication example , Shin noted .
insurrection CEO Sunghyun Park , a former quant developer at Morgan Stanley in New York , and four co - founders set up the AI chip inauguration in 2020 .
