FuriosaAI Raises $620 Million to Scale Inference Chip Production

Oct 29, 2026
FuriosaAI raised $620 million at a $2.9 billion valuation to expand production of its energy efficient AI inference chips.

FuriosaAI raised $620 million at a $2.9 billion valuation to expand production of its AI inference processors, according to SiliconANGLE. South Korea's National Growth Fund led the round with a $280 million investment.

Cisco Investments, NeoFort Holdings, QUDA Capital Partners, Jericho Capital and Worldline Capital contributed another $110 million. Existing investors, including Korea Development Bank and NAVER, supplied the remainder.

FuriosaAI plans to produce 20,000 of its second generation chips in 2026 and 40,000 in 2027. The processors use the company's Tensor Contraction Processor architecture, which FuriosaAI says consumes less than half the power of Nvidia GPUs and supports frameworks including PyTorch and vLLM.

LG Group uses FuriosaAI chips for its EXAONE models, while Upstage uses them for search summaries. The company is also developing a third generation processor with Broadcom.

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