--- title: FuriosaAI raises $620m at a $2.9bn valuation for its... description: Seoul-based FuriosaAI raised $620m in a Series D round, valuing the AI inference chipmaker at about $2.9bn, quadrupling its $735m valuation from last year.... canonical: https://daily.dev/posts/furiosaai-raises-620m-at-a-2-9bn-valuation-for-its-nvidia-rival-chips-qvuqedep0 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: FuriosaAI raises $620m at a $2.9bn valuation for its Nvidia rival chips | daily.dev og:description: Seoul-based FuriosaAI raised $620m in a Series D round, valuing the AI inference chipmaker at about $2.9bn, quadrupling its $735m valuation from last year.... og:url: https://daily.dev/posts/furiosaai-raises-620m-at-a-2-9bn-valuation-for-its-nvidia-rival-chips-qvuqedep0 og:image: https://api.daily.dev/og/posts/qvUQEDep0.png og:image:alt: FuriosaAI raises $620m at a $2.9bn valuation for its Nvidia rival chips og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # FuriosaAI raises $620m at a $2.9bn valuation for its Nvidia rival chips **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Seoul-based FuriosaAI raised $620m in a Series D round, valuing the AI inference chipmaker at about $2.9bn, quadrupling its $735m valuation from last year. South Korea's National Growth Fund put in $280m. The company's second-generation RNGD chip entered mass production in January, with TSMC making 20,000 units this year and FuriosaAI targeting over 40,000 in 2027. RNGD draws 180 watts, needs only air cooling, and FuriosaAI claims it matches Nvidia's RTX PRO 6000 card for card while serving twice as many users per kilowatt. The funds will also go toward a third-generation 2nm chip developed with Broadcom and other partners using HBM4 memory. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much funding did FuriosaAI raise in its Series D round and what valuation does it give the company? FuriosaAI raised $620m in a Series D round, valuing the Seoul-based AI inference chipmaker at about $2.9bn. That is roughly four times its prior valuation of $735m from the previous round. South Korea's National Growth Fund was the largest investor at $280m, with international investors including Infinitum, Cisco Investments, and Abu Dhabi's NeoFort Holding contributing $110m. _Those weighing inference chip alternatives to Nvidia can follow funding shifts like this one on daily.dev._ ### What are the specs and performance claims of FuriosaAI's RNGD inference chip compared to Nvidia? RNGD, FuriosaAI's second-generation inference chip, draws 180 watts, needs only air cooling, and entered mass production in January. FuriosaAI claims it matches the throughput of Nvidia's RTX PRO 6000 card for card while serving twice as many users per kilowatt. TSMC is manufacturing 20,000 units this year, with capacity secured for over 40,000 in 2027. _Engineers comparing inference hardware options can track chip benchmarks and claims like these on daily.dev._ ### What is FuriosaAI's third-generation chip and who is it being built with? FuriosaAI is developing its third-generation chip in partnership with Broadcom and other partners, using a 2nm, multi-die design with HBM4 memory. The new funding from its $620m Series D round will help finance this next-generation silicon alongside scaling production of the current RNGD chip and improving its software. _Teams planning around next-gen AI silicon can keep tabs on roadmap details like this via daily.dev._ ## Similar posts on daily.dev - [FuriosaAI brings its Nvidia-rival chips to Europe](https://daily.dev/posts/furiosaai-brings-its-nvidia-rival-chips-to-europe-8rn1qbfob) · The Next Web · 0 upvotes · 0 comments - [Nvidia targets $1-trillion in AI chip sales as inference demand surges](https://daily.dev/posts/nvidia-targets-1-trillion-in-ai-chip-sales-as-inference-demand-surges-lgm3xkks3) · TechCentral · 0 upvotes · 0 comments - [Nvidia challenger AI chip startup MatX raised $500M](https://daily.dev/posts/nvidia-challenger-ai-chip-startup-matx-raised-500m-vua7hdsxk) · TechCrunch · 0 upvotes · 0 comments - [The AI Race Has A Translation Problem](https://daily.dev/posts/the-ai-race-has-a-translation-problem-aq1utc7zc) · Medium · 0 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup), [#nvidia](https://daily.dev/tags/nvidia) [View this post on daily.dev](https://daily.dev/posts/furiosaai-raises-620m-at-a-2-9bn-valuation-for-its-nvidia-rival-chips-qvuqedep0) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"FuriosaAI raises $620m at a $2.9bn valuation for its Nvidia rival chips","url":"https://daily.dev/posts/furiosaai-raises-620m-at-a-2-9bn-valuation-for-its-nvidia-rival-chips-qvuqedep0","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/furiosaai-raises-620m-at-a-2-9bn-valuation-for-its-nvidia-rival-chips-qvuqedep0"},"datePublished":"2026-10-29T18:28:11.409Z","dateModified":"2026-10-29T18:28:39.302Z","description":"Seoul-based FuriosaAI raised $620m in a Series D round, valuing the AI inference chipmaker at about $2.9bn, quadrupling its $735m valuation from last year....","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/b0003542e0d2a9d71b79c40304f12197?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/b0003542e0d2a9d71b79c40304f12197?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/furiosaai-raises-620m-at-a-2-9bn-valuation-for-its-nvidia-rival-chips-qvuqedep0","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"startup,nvidia","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"FuriosaAI raises $620m at a $2.9bn valuation for its Nvidia rival chips"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/furiosaai-raises-620m-at-a-2-9bn-valuation-for-its-nvidia-rival-chips-qvuqedep0#faq","mainEntity":[{"@type":"Question","name":"How much funding did FuriosaAI raise in its Series D round and what valuation does it give the company?","acceptedAnswer":{"@type":"Answer","text":"FuriosaAI raised $620m in a Series D round, valuing the Seoul-based AI inference chipmaker at about $2.9bn. That is roughly four times its prior valuation of $735m from the previous round. South Korea's National Growth Fund was the largest investor at $280m, with international investors including Infinitum, Cisco Investments, and Abu Dhabi's NeoFort Holding contributing $110m. Those weighing inference chip alternatives to Nvidia can follow funding shifts like this one on daily.dev."}},{"@type":"Question","name":"What are the specs and performance claims of FuriosaAI's RNGD inference chip compared to Nvidia?","acceptedAnswer":{"@type":"Answer","text":"RNGD, FuriosaAI's second-generation inference chip, draws 180 watts, needs only air cooling, and entered mass production in January. FuriosaAI claims it matches the throughput of Nvidia's RTX PRO 6000 card for card while serving twice as many users per kilowatt. TSMC is manufacturing 20,000 units this year, with capacity secured for over 40,000 in 2027. 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