# FuriosaAI raises $620m to expand inference chip production

_Published Thursday, October 29, 2026 at 5:06 PM EDT · AI, Capital · Latest · Tier 2 — Notable_

![FuriosaAI raises $620m to expand inference chip production — Primary](https://media.thenextweb.com/2026/10/june-paik-furiosaai-ceo-rngd-stage.jpg)

FuriosaAI announced a $620m Series D round valuing the Seoul-based AI chipmaker at about $2.9bn. South Korea's National Growth Fund invested $280m, the largest contribution. The company will use the funding to produce more RNGD chips, improve its software and develop a third-generation chip.

RNGD runs trained AI models rather than training them. FuriosaAI says it has secured memory and factory capacity for more than 40,000 chips in 2027. Samsung SDS launched a cloud service using RNGD in July. FuriosaAI's claims that RNGD matches Nvidia's RTX PRO 6000 throughput and serves twice as many users per kilowatt have not been tested by The Next Web.

## Sources

- [The Next Web](https://thenextweb.com/news/furiosaai-series-d-620m-2-9bn-valuation)

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Canonical: https://techandbusiness.org/newswire/aV4t5L4O22T_l633K-pVT7
Published: 2026-10-29T21:06:33.339Z
Story chronology: 2026-10-29T18:20:29.000Z
Retrieved: 2026-10-29T23:38:48.087Z
Publisher: Tech & Business (techandbusiness.org)