Rebel Chip AI Development Secures $124M with Samsung: Revolting Against Traditional Technology
Rebellions, a South Korean fabless AI chip startup, said today it has closed $124 million (165 billion KRW) in a Series B round of funding to develop its third AI chip, called Rebel.
Rebellions’ fundraise comes at a key moment in the chip industry, specifically around the development and use of AI chips.
Nvidia is the AI chip market leader, its name synonymous with the AI boom that is currently sweeping the technology world.
In May 2023, Rebellions’ strategic investor, KT, installed Atom, Rebellions’ data-center targeted AI chip, in its cloud-based neural processing units (NPU) infrastructure.
Rebellions CEO Sunghyun Park, a former quant developer at Morgan Stanley in New York, and four co-founders set up the AI chip startup in 2020.
