FuriosaAI targets $500m pre-IPO and 2027 IPO after rejecting Big Tech

FuriosaAI’s decision to shun acquisition offers and instead line up a $500 million pre‑IPO round is a strong signal that the AI accelerator race will not be exclusively owned by US hyperscalers and Nvidia. The company is positioning itself as Korea’s flagship AI chip player, with an IPO target in 2027 and a valuation already rivaling local peers like Rebellions.([koreatechdesk.com](https://koreatechdesk.com/furiosaai-pre-ipo-funding-meta-rejection-2027-korea-ai-chip)) In hardware, independence matters: an IPO-backed balance sheet gives FuriosaAI more freedom to define its roadmap instead of becoming a captive in a larger cloud vendor’s stack.

Strategically, this underscores how national ecosystems are trying to build their own silicon champions as AI compute becomes a matter of industrial policy. A scaled, public FuriosaAI would put more downward pressure on training and inference costs, especially for Asian cloud providers and enterprises looking for non‑US options. For the broader race to AGI, more competition in the accelerator layer means faster experimentation cycles and less concentration risk around any single vendor’s roadmap or export controls.