AI chipmaker Rebellions gets $22.8M Series A extension from Korean telco company KT
South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from a strategic investor KT , one of the largest telecom companies in South Korea. Last month, TechCrunch reported on Rebellions closing on $50 million in funding that valued the company at an estimated $283 million. At that time, Rebellions CEO and co-founder Sunghyun Park told TechCrunch that the startup wrapped up its initial Series A, which was oversubscribed, in less than three months from financial investors. The Pavilion Capital-backed AI chipmaker has raised about $72.8 million (92 billion KRW) in total Series A funding, bringing its total funding to about $102.8 million since its inception in 2020. Temasek’s Pavilion Capital backs South Korean AI chip maker Rebellions with $50M investment Rebellions spokesperson told TechCrunch that the company plans to use the extension round to mass-produce its second AI chip prototype, ATOM, that will be
