On March 31, South Korean artificial intelligence (AI) chip company Rebellions completed a new round of financing, raising $400 million. The funds raised will primarily be used to expand into the U.S. market, increase production capacity, and prepare for an initial public offering (IPO). Following a $250 million Series C funding round last September, Rebellions' total funding to date has reached $850 million, with the company's valuation estimated at approximately $2.34 billion. Rebellions' chips focus on inference execution for AI applications, in contrast to NVIDIA's graphics processors, which are primarily used for model training.