Rebellions closes $400M pre-IPO round at a $2.34B valuation

The South Korean fabless AI chip company, backed by Samsung, SK Hynix, and Aramco, raises $650M in six months and targets Meta and xAI as US customers. Korea’s National Growth Fund chose Rebellions as its very first investment.

Rebellions, the South Korean AI inference chip company, has closed a $400 million pre-IPO funding round led by Mirae Asset Financial Group and the Korea National Growth Fund, valuing the company at approximately $2.34 billion.

The round brings total funding to $850 million and follows a $250 million Series C in September 2025, meaning Rebellions has raised $650 million in the past six months alone, more than 75% of its total capital.

The company simultaneously announced two new products: RebelRack™ and RebelPOD™, vertically integrated AI infrastructure platforms designed to take its chiplet-based Rebel100™ NPU from silicon into fully deployable data centre systems.

The Korea National Growth Fund, a government-backed public-private ...