AI chip startup Rebellions raises $400M

South Korean AI chip designer Rebellions has secured $400 million in a pre-IPO funding round, valuing the company at $2.3 billion. The startup focuses on chips for AI inference, positioning itself as a competitor to established players like Nvidia. Rebellions aims to challenge the current market dominance in AI hardware with its specialized designs. The company is reportedly planning an initial public offering later this year, signaling its ambition to expand its market presence and technological capabilities.