Global venture capital firms are pouring money into the semiconductor startups developing the next generation of chips. Semiconductors, which have become a valued asset, are used in virtually almost every industry, including 5G networks, automation, the Internet of Things, financials, smart homes, smart cities, virtual reality (VR), augmented reality and self-driving cars.
Sunghyun Park, a former quant developer at Morgan Stanley in New York, launched artificial intelligence semiconductor startup Rebellions with four co-founders to enter this red-hot industry in 2020. Today, the South Korea-based company that builds chips designed for artificial intelligence applications, announced it has raised a $50 million (62 billion KRW) Series A from investors, including Temasek’s Pavilion Capital, Korean Development Bank, SV Investment, Mirae Asset Capital, Mirae Asset Ventures, IMM Investment, KB Investment and KT Investment.
Its existing backers Kakao Ventures, GU Equity Partners and Seoul Techno Holdings also participated in the round, Park told TechCrunch.
The Series A, which was oversu …
