FuriosaAI raises $125 million to scale RNGD AI inference chip production

Funding fuels rollout of power efficient inference NPC, as investor interest in GPU alternatives accelerates.

August 1, 2025

David Harold

FuriosaAI has closed a $125 million Series C bridge funding round to ramp production of its RNGD inference processor. The company’s Tensor Contraction Processor architecture, designed expressly to minimize data movement, reportedly achieved a 2.25× inference‑per‑watt gain over GPUs in LG AI Research’s EXAONE platform. FuriosaAI, a Seoul‑based AI semiconductor start-up founded in 2017, has secured $125 million in Series C bridge financing, bringing its total funding to approximately $246 million and valuation to around $735 million. The RNGD (pronounced “Renegade”) AIB. (Source: FuriosaAI) Backed by Korea Development Bank, Industrial Bank of Korea, PI Partners, Kakao Investment, and Keistone Partners, the round fuels two key initiatives: scaling

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FuriosaAI raises $125 million to scale RNGD AI inference chip production

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FuriosaAI raises $125 million to scale RNGD AI inference chip production