Company led by former Samsung seeks to capture additional capital to IPO, after rejecting acquisition proposal
The Korean startup, which specializes in AI chips (Artificial Intelligence), declined an purchase offer of US $ 800 million by, according to information released by Bloomberg On Monday (24.mar.2025).
The company, based in Seoul, is led by June Paik, former Saamsung and Advanced Micro Devices. Furiosaai has developed the second generation RNGD processor, which competes with products from Nvidia and other companies in the field of AI.
The attempt to acquire Furiosaai is part of the target strategy of adding advanced semiconductor technologies to its portfolio. The company now seeks to capture additional capital before an IPO (initial public offering), with the expectation of exceeding its initial goal in an extended round of Series C financing, one One of the stages of capital capture and is usually the last risk capital financing.
With approximately 150 employees, including 15 in Silicon Valley, Furiosaai already provides samples from its chips to renowned customers, such as LG AI Research and Saudi Aramco.
Meanwhile, the goal plans to invest up to $ 65 billion by 2025 in its AI infrastructure. This includes building a large data center and the expansion of its AI workforce.
Meta CEO Mark Zuckerberg announced the development of chips designed for the company’s AI work cargo.
