FuriosaAI’s 3.8 Trillion Won Valuation: State Funds, No Chip Allies
FuriosaAI’s 820 billion won Series D lifted its valuation to 3.8 trillion won, but nearly half the money came from state and policy funds and no chip giant took a strategic stake. With 2025 revenue of 5.74 billion won, the valuation implies a price-to-sales ratio of about 662 times.