Tech Company Financing Transactions
Rebellions Funding Round
On 1/30/2024, Rebellions announced $124 million in Series B financing from KT Corp., DG Daiwa Ventures and Korea Development Bank.
Transaction Overview
Company Name
Announced On
1/30/2024
Transaction Type
Venture Equity
Amount
$124,000,000
Round
Series B
Investors
KT Corp. (Lead Investor) (Hyeon-Mo Ku)
Proceeds Purpose
The startup will use the new capital, oversubscribed with an initial target of $90 million, to ramp up production of its data center-focused chip, Atom, and for hiring.
Company Information
Company Status
Private & Independent
Industry
Semiconductors
Mailing Address
Undisclosed
Seoul, Undisclosed
South Korea
Seoul, Undisclosed
South Korea
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
AI chip architects are often inattentive to advanced deep learning features and requirements because they believe software stacks between their silicon and algorithms can provide effective abstract layers. We disagree. We do not think such naively designed chips can efficiently utilize expensive custom silicon resources. The more native hardware supports are enabled, the higher performance is achieved.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sunghyun Park
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