South Korea's FuriosaAI Raises $620 Million at $2.9 Billion Valuation in AI Chip Boom
South Korean semiconductor startup FuriosaAI has raised $620 million in a Series D funding round at a $2.9 billion valuation, leading a day in which investors poured more than $1.3 billion into ten startups. The round underlines how fiercely the race for AI computing power is being fought — and how much of the money is now flowing to companies building the chips and infrastructure behind artificial intelligence, rather than just the apps on top of it. FuriosaAI designs AI accelerator chips meant to compete with the dominant players in data-centre computing. Its raise was followed by San Francisco-based Upwind Security, which closed a $400 million Series C at a $3.8 billion valuation, and Foundry Robotics, which raised $100 million to expand autonomous manufacturing in the United States. Together, FuriosaAI and Upwind account for about 78 per cent of the day's $1.3 billion total, a sign of how concentrated investor appetite has become around AI hardware and cybersecurity. Smaller ro...