Series B Extension Funding to Boost AI Chip Development in Saudi Arabia South Korea-based artificial intelligence (AI) chip manufacturer Rebellions has raised $15 million in funding from Wa’ed Ventures—the venture capital (VC) arm of Saudi Aramco, the world’s biggest oil producer. This funding marks a significant milestone in Rebellions’ journey and represents Wa’ed Ventures’ initial foray into the South Korean market. Series B Extension Funding The $15 million investment was part of Rebellions’ Series B extension funding round, which followed its initial Series B fundraising efforts. The Series B extension has resulted in total proceeds of $124 million, according to … Continue reading Saudi Aramco’s Wa’ed Ventures Invests $15M in South Korea’s AI Chipmaker Rebellions