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



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South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion 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. 
The Pavilion Capital-backed AI chipmaker has raised about $72.8 million (92 billion KRW) in total Series A funding, bringing its total funding to about $102.8 million since its inception in 2020. 

Rebellions spokesperson told TechCrunch that the company plans to use the extension round to mass-produce its second AI chip prototype, ATOM, that will be used for large companies in the cloud sector and data centers. 
KT says it wants to devel …

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