---
title: "Seoul-based AI chip startup FuriosaAI raised a $620M Series D at a $2.9B valuation, up from $735M in 2025; South Korea's National Growth Fund contributed $280M (Yoolim Lee/Bloomberg)"
type: signal
url: https://frontiernewswire.com/s/seoul-based-ai-chip-startup-furiosaai-raised-a-620m-series-d-at-a-2-9b-342ba51a
published: 2026-10-28T23:45:01.000Z
byline: "Source: TECHMEME"
---

# Seoul-based AI chip startup FuriosaAI raised a $620M Series D at a $2.9B valuation, up from $735M in 2025; South Korea's National Growth Fund contributed $280M (Yoolim Lee/Bloomberg)

Source: TECHMEME · Published 2026-10-28 · Canonical: https://frontiernewswire.com/s/seoul-based-ai-chip-startup-furiosaai-raised-a-620m-series-d-at-a-2-9b-342ba51a

Yoolim Lee / Bloomberg : Seoul-based AI chip startup FuriosaAI raised a $620M Series D at a $2.9B valuation, up from $735M in 2025; South Korea's National Growth Fund contributed $280M — South Korean AI chip startup FuriosaAI quadrupled its valuation to $2.9 billion in a fresh funding round, bolstering its bid to challenge the likes of Nvidia Corp.

## Sources

- [Read the original at TECHMEME](https://www.techmeme.com/261028/p58#a261028p58)

## Related

- [Ollama v0.40.13 is available](https://frontiernewswire.com/s/ollama-v0-40-13-is-available-bf7b3ac9)
- [Adam Mosseri says negativity around AI is ‘going to get worse’](https://frontiernewswire.com/s/adam-mosseri-says-negativity-around-ai-is-going-to-get-worse-d9861321)
- [Sources: the US DOJ has inquired about the impact of Nvidia's Hugging Face deal on AI competition, as antitrust enforcers continue to probe Nvidia's conduct (Reuters)](https://frontiernewswire.com/s/sources-the-us-doj-has-inquired-about-the-impact-of-nvidias-hugging-18a434bc)
- [FuriosaAI Quadruples Valuation to $2.9 Billion in Nvidia Chase](https://frontiernewswire.com/s/furiosaai-quadruples-valuation-to-2-9-billion-in-nvidia-chase-29b4e1f6)
- [Filing: Microsoft recorded $10B in revenue from OpenAI in Q1, nearly 11% of its total quarterly revenue, and has $7.2B in outstanding receivables from OpenAI (Rebecca Bellan/TechCrunch)](https://frontiernewswire.com/s/filing-microsoft-recorded-10b-in-revenue-from-openai-in-q1-nearly-11-36711f03)

---

[More Latest Signal](https://frontiernewswire.com/) · [Signals](https://frontiernewswire.com/verified-reporting)