AI chip startup Rebellions raises $400 million at $2.3B valuation in pre-IPO round

South Korean AI chip startup Rebellions has raised $400 million in a pre-IPO funding round led by Mirae Asset Financial Group and the Korea National Growth Fund, bringing its total capital raised to $850 million, with $650 million secured in the past six months. Founded in 2020, Rebellions specializes in designing AI inference chips—hardware optimized for running AI models efficiently in real-world applications—and outsources chip fabrication. The company’s valuation now stands at approximately $2.34 billion. Alongside the funding, Rebellions announced two new AI infrastructure products: RebelRack, a scalable cluster integrating multiple racks for large-scale AI deployment, and RebelPOD, a production-ready inference compute unit. Rebellions is actively expanding globally, having recently established entities in the U.S., Japan, Saudi Arabia, and Taiwan. The company aims to build an ecosystem of technology partners in the U.S., targeting cloud providers, government agencies, telecom operators, and Neoclouds.