We advised FuriosaAI on the transaction

Davis Polk advised FuriosaAI, Inc. in connection with its approximately $620 million Series D financing at a post-money valuation of approximately $2.9 billion. The financing included participation from new and existing investors, including Infinitum, Jericho Capital, QUDA Capital and Cisco Investments, as well as Korea’s National Growth Fund, Korea Development Bank, NAVER Ventures and Kakao Investment.

Founded in 2017, FuriosaAI is a South Korea–based fabless semiconductor company developing high-performance, energy-efficient AI accelerators for data center inference. Leveraging its proprietary Tensor Contraction Processor (TCP) architecture, FuriosaAI delivers an integrated AI computing platform spanning silicon, compilers, runtime software and server systems, designed to improve inference performance, power efficiency and total cost of ownership. Headquartered in Seoul, FuriosaAI has offices in the United States, Portugal and Singapore.

The Davis Polk corporate team included partners Michael Kaplan and Samuel Kang and registered foreign lawyers Yong Lee and Claire Park. Members of the Davis Polk team are based in the New York and Hong Kong offices.

Copy link to share post