Rebellions Secures $400M Funding, Valuation at $2.34B

South Korean artificial intelligence chip startup Rebellions announced on Monday that it had secured $400 million in a new funding round, boosting its valuation to approximately $2.34 billion and supporting its push into the U.S. market. The investment, led by Mirae Asset Financial Group and the state-backed Korea National Growth Fund, brings the company's total funding to $850 million since its founding in 2020.

The round follows a $250 million Series C investment completed in late 2025, with $650 million raised over the past six months representing more than three-quarters of Rebellions' overall capital. Rebellions, a fabless designer of neural processing units focused on AI inference, plans to use the funds to scale production of its Rebel100 platform, expand operations in the United States and other regions, and prepare for an initial public offering. The company, headquartered in Seoul with a presence in the U.S., described the influx as marking a new growth phase amid surging demand for efficient AI infrastructure among cloud providers, telecom operators, and government programs.

A significant portion of the latest investment came from the Korea National Growth Fund, which...