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# AI chipmaker Rebellions raises $22.8 million in Series A extension
- URL: https://www.techloy.com/ai-chipmaker-rebellions-raises-22-8-million-in-series-a-extension/
- Published: 2022-07-06T10:52:25.000Z
- Updated: 2022-12-08T01:54:01.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Tech in South Korea, / Artificial Intelligence

AI chipmaker based in South Korea, [Rebellions,](https://rebellions.ai/) has raised an extension of its Series A round at $22.8 million from KT, a South Korea-based telecom company. 

- The fund will be invested in the mass production of its second AI chip prototype, ATOM, usable by companies in cloud servers and data centre sectors.
- The investment is based on KT's commitment to making NPU (Neural Processing Unit) for companies such as data centres, self-driving car makers, and financial trading.
- The chipmaking startup has now raised $102.8 million since its launch in 2020\.
- Pavilion Capital, Korean Development Bank, SV Investment, Mirae Asset Capital, KT Investment, and Kakao Ventures participated in the Series A round.