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South Korea AI Chip Startup FuriosaAI Rejects $800 Million Buyout Offer from Facebook $1.5 Trillion Parent Meta, Founded in 2017 by Baek Jun-ho, Jeehoon Kang & Kim Han-joon, Raised More than $100 Million, Investors Include DSC Investment, Korea Development Bank & Naver
25th March 2025 | Hong Kong
South Korea AI chip startup FuriosaAI has rejected a $800 million buyout offer from Facebook parent Meta ($1.5 trillion market value). FuriosaAI was founded in 2017 by Baek Jun-ho, Jeehoon Kang & Kim Han-joon. FuriosaAI has raised more than $100 million. FuriosaAI investors include DSC Investment, Korea Development Bank & Naver. FuriosaAI is a semiconductor company dedicated to creating sustainable AI computing solutions that make powerful AI accessible to all. With its innovative Tensor Contraction Processor architecture, FuriosaAI is revolutionizing the AI hardware landscape, offering unparalleled efficiency and programmability for the most demanding AI workloads. Background – Three misfit engineers with each from HW, SW and algorithm fields who had previously worked for AMD, Qualcomm and Samsung got together and found FuriosaAI in 2017 to build the world’s best AI chips. The company has raised more than $100 million, with investments from DSC Investment, Korea Development Bank, and Naver, the largest internet provider in Korea. We have partnered on our first two products with a wide range of industry leaders including TSMC, ASUS, SK Hynix, GUC, and Samsung. FuriosaAI now has over 140 employees across Seoul, Silicon Valley, and Europe.
“ South Korea AI Chip Startup FuriosaAI Rejects $800 Million Buyout Offer from Facebook $1.5 Trillion Parent Meta, Founded in 2017 by Baek Jun-ho, Jeehoon Kang & Kim Han-joon, Raised More than $100 Million, Investors Include DSC Investment, Korea Development Bank & Naver “
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South Korea AI Chip Startup FuriosaAI Rejects $800 Million Buyout Offer from Facebook $1.5 Trillion Parent Meta, Founded in 2017 by Baek Jun-ho, Jeehoon Kang & Kim Han-joon, Raised More than $100 Million, Investors Include DSC Investment, Korea Development Bank & Naver
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