Rebellions is co-developing its new chip, Rebel, with Samsung and plans to use the tech giant's high bandwidth memory chips and its 4-nanometer chip manufacturing process. The company aims to complete the development of Rebel by the end of this year and start mass production in 2025. The startup believes that by using domestic suppliers and manufacturers, it can significantly reduce manufacturing costs and compete with Nvidia in the AI chip market.
Key takeaways:
- South Korean AI chip startup Rebellions has raised $124 million in Series B funding, bringing its total funding to $210 million, more than any other AI chip startup in South Korea.
- Rebellions' Series B round valued it at $650 million, and its investors include South Korean telecom operator KT, KT’s data center unit, KT Cloud, and Shinhan Venture Investment, among others.
- The company is developing a next-generation AI chip called Rebel, which is expected to be significantly cheaper than Nvidia’s chips. The development of Rebel is expected to be completed by the end of this year and start mass production in 2025.
- Rebellions is co-developing Rebel with Samsung and will use the tech conglomerate’s high bandwidth memory chips and its 4-nanometer chip manufacturing process, which is expected to significantly reduce the manufacturing cost.