AI chipmaker Rebellions gets $22.8M Series A extension from Korean telco company KT 

AI chipmaker Rebellions gets $22.8M Series A extension from Korean telco company KT 

2 years ago
Anonymous $dy9SWuvIkX

https://techcrunch.com/2022/07/05/ai-chipmaker-rebellions-gets-22-8m-series-a-extension-from-korean-telco-company-kt/

South Korean AI chip developer Rebellions has raised a $22.8 million (30 million KRW) extension to its Series A financing from a strategic investor KT, one of the largest telecom companies in South Korea. 

Last month, TechCrunch reported on Rebellions closing on $50 million in funding that valued the company at an estimated $283 million. At that time, Rebellions CEO and co-founder Sunghyun Park told TechCrunch that the startup wrapped up its initial Series A, which was oversubscribed, in less than three months from financial investors.