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AI chip startup Rebellions raises $124M at $650M+ valuation - SiliconANGLE

Jan 30, 2024 - siliconangle.com
AI chip startup Rebellions Inc. has raised $124 million in funding, led by KT, South Korea's second-largest wireless carrier. The Seoul-based company, now valued at $658 million, sells two processors, Ion and Atom, optimized for AI applications. The funding will be used to scale production of Atom and finance the development of a third AI processor, Rebel, in collaboration with Samsung Electronics.

Rebellions' Ion chip can perform four trillion computations per second and is used in edge computing devices and high-frequency trading applications. Atom, based on a more advanced five-nanometer process, provides eight times the peak performance of Ion and is designed to power large language models. The upcoming Rebel processor, expected to be mass-produced in 2025, will feature HBM3E, a faster, more expensive memory technology.

Key takeaways:

  • AI chip startup Rebellions has raised $124 million in funding, led by KT, South Korea’s second largest wireless carrier, and including participation from Korea Development Bank and other institutional backers.
  • Rebellions sells two processors, Ion and Atom, both optimized to run AI applications but based on different manufacturing technologies and targeting separate use cases.
  • The company is planning to use the funding to scale production of Atom and finance the development of a third AI processor called Rebel, in collaboration with Samsung Electronics.
  • Rebellions and Samsung plan to complete the development of Rebel by the end of the year and start mass production in 2025. The new chip will feature HBM3E, a faster, more expensive memory technology.
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