Startups

South Korea-based Rebellions aims to build a chip that runs AI more efficiently to speed up high-frequency trades.

And now it has $5.2 million in seed funding to realize its vision of taking the pain out of enterprise data extraction.

The chip startup’s all-in-one solution said to be one of the early signals of an upcoming wave of composable disaggregated infrastructure.

Its revenue has grown over the past three years while losses have held relatively steady.

The global data center services giant embraces the startup’s unique technology, saying it’s been “validated” and “solves a real problem within our client base.”

The combined company is slated to be worth about $2 billion and a deal is set to be announced in coming weeks.

The startup, one of Istio's top contributors, has also launched an online community for Istio and Envoy enthusiasts to surface problems, brainstorm solutions.