Posted 1/29/2024, 11:00:18 PM
Rebellions Raises $124M Led by KT to Develop AI Chip for Generative Models with Samsung
- Rebellions raised $124M in a Series B round led by KT to develop its new AI chip, Rebel, with Samsung
- The funding values the startup at $658M post-money; it has raised $210M total
- Rebel will target the generative AI market and large language models, using Samsung's 4nm fabrication
- Rebellions' earlier Atom chip is being used by KT in its cloud NPU infrastructure
- The startup's first chip Ion is undergoing testing; key use case could be stock prediction/trading in financial services