NeoFort Holdings

NeoFort Holding is a leading investment firm in Abu Dhabi, managing a diversified portfolio across high-growth sectors with a focus on enduring value.

FuriosaAI secures **$620 million** in funding to develop **inference chips** consuming under half the power of Nvidia GPUs. The company targets energy efficiency as a competitive edge in AI hardware. Its latest valuation reaches **$2.9 billion**, highlighting investor confidence in its low-power chip technology.

Nov 2026FactuaNews article

FuriosaAI secures $620 million in Series D funding, achieving a post-money valuation of about $2.9 billion. The round highlights strong investor confidence in the AI company’s growth trajectory and technological advancements. No additional details on investors or use of funds are disclosed in the announcement.

Nov 2026Data Center DynamicsNews article

FuriosaAI secures **$620 million** in Series D funding, led by South Korea National Growth Fund, to accelerate production of its **RNGD inference chips**. The company targets **40,000 chips** in 2027 as it scales hardware for AI workloads. The round values FuriosaAI at **$2.9 billion**.

Oct 2026AI Chat DailyNews article

FuriosaAI Inc. secures **$620 million** in funding to scale production of its energy-efficient AI inference chips, targeting data center power constraints. The startup’s **Tensor Contraction Processor (TCP)**, based on its **RNGD architecture**, uses a **three-dimensional matrix** for tensor computations, reducing power consumption by **less than half** compared to Nvidia’s GPUs while maintaining compatibility with frameworks like PyTorch. Major South Korean firms—**LG Group, Upstage, and Samsung**—already deploy its chips for AI models, live search summaries, and neural processing services. The funding will accelerate production, aiming for **20,000 units in 2026** and **40,000 in 2027**, while advancing a **third-gen processor** co-developed with Broadcom.

Oct 2026SiliconANGLENews article