FuriosaAI raises $620M, eyes 20,000 RNGD accelerators in 2026 and a 2nm third-gen chip

On October 28, 2026, Bloomberg reported that South Korean AI chip startup FuriosaAI had raised its valuation to $2.9 billion in a new funding round, roughly four times its previous mark. Citing the same report on October 29, IT之家 added that FuriosaAI had closed a $620 million Series D, with backers including Infinitum Partners, Korea's National Growth Fund, Jericho Capital, Worldline Capital, QUDA Capital and NeoFort Holding. International investors contributed $110 million and the National Growth Fund about $280 million. FuriosaAI founder and CEO June Paik confirmed the $620 million Series D and the $2.9 billion valuation in a Bloomberg interview, and discussed the company's business growth plans.

According to TechStartups on October 29, FuriosaAI was founded in 2017 and began mass production of its RNGD inference chip in January 2026. The company says the RNGD inference accelerator is already in mass production, plans to ship 20,000 units this year, and has already locked in 2027 capacity with a target of more than doubling. The funding will also go toward developing a third-generation chip with partners such as Broadcom, built on 2nm multi-die and HBM4 technology. The story currently stands at the point where FuriosaAI has announced the completed round and disclosed its shipment and research plans.