Furiosa AI Secures $1.5M to Expand AI Chip Development and Global Market Reach


South Korean AI semiconductor fabless company Furiosa AI announced on the 3rd that it has secured a $1.5 million (KRW 2 billion) investment from CRIT Ventures. Furiosa AI specializes in developing AI inference chips for data center servers and was founded in 2017 by CEO Junho Baek, a Georgia Tech master’s graduate. Before launching the company, Baek worked as a GPU and CPU development engineer at Samsung Electronics and AMD.  

In 2021, Furiosa AI introduced its first AI semiconductor, Warboy, which demonstrated superior performance compared to NVIDIA‘s equivalent products. In August last year, the company unveiled its next-generation AI chip, Renegade (RNGD). RNGD offers a 300% improvement in power efficiency over its predecessor and excels in real-time inference by processing large volumes of data in minimal time. It is particularly notable for delivering more than twice the power efficiency of NVIDIA’s high-end chips.  

CRIT Ventures is a venture capital firm founded in August 2020 by Jaeyoon Song, former CEO of Com2uS and now Global Chief Investment Officer (GCIO) of the Com2uS Group. The firm currently manages assets worth $168 million (KRW 224 billion) in Korea and $27 million (KRW 36 billion) in global markets, totaling $195 million (KRW 260 billion) in assets under management (AUM).  

Jaeyoon Song, CEO of CRIT Ventures, stated, “With the rapid expansion of generative AI, demand for AI semiconductors is expected to continue growing. Furiosa AI has the technological capabilities, efficiency, and price competitiveness to rival top global players, and we believe it is well-positioned for success in the international market.”  

Junho Baek, CEO of Furiosa AI, commented, “This investment will help us further strengthen our competitiveness in the AI semiconductor market as we focus on expanding our global customer base.”

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