-66%

est. 2Y upside i

HardwareSeries C

Rebellions, a Korean AI accelerator startup, delivers industry-leading TPS/W through a dataflow architecture optimized for HBM and chiplet design. We provide AI accelerators for datacenters—including cards, servers, and rack-scale systems—along with our proprietary full-stack software that natively supports PyTorch 2.x and vLLM.

Rank

#3870

Sector

Application Specific Semiconductors

Est. Liquidity

~2Y

Data Quality

Data: High

Rebellions operates in the rapidly growing AI accelerator market with impressive YoY revenue growth (~238% to ~$26M in 2025).

Last updated: March 10, 2026

Bull (15%)+100%

Rebellions successfully executes its IPO, leveraging its advanced Rebel-Quad chip and strategic partnerships to gain significant traction in the energy-efficient AI inference market for large language models. Strong customer adoption and global expansion drive revenue beyond $150M by 2027, justifying a $2.8B valuation (2x current).

Base (50%)+10%

Rebellions completes its IPO, but faces continued intense competition from Nvidia and other well-funded players. While maintaining a strong growth rate, it struggles to significantly expand market share, achieving ~$100M revenue by 2027 and a modest valuation increase to $1.54B (10% upside).

Bear (35%)-50%

Rebellions' IPO is impacted by its missed 2025 revenue targets and the overwhelming dominance of Nvidia, leading to a lower-than-expected valuation or a delayed offering. Intense price competition and slower-than-anticipated customer adoption result in a valuation decline to $0.7B, significantly eroding common stock value.

Est. time to liquidity~1.5 years

Preference Stack Risk

severe

Funding Intensity

34%

Investors hold $470M in liquidation preferences ahead of common shareholders. In an exit at or below the current $1.4B valuation, common stock value would be significantly impacted or potentially wiped out.

Dilution Risk

high

As a pre-IPO company, further funding rounds or a larger IPO share allocation could dilute existing equity holders, especially if the IPO is not as successful as hoped due to missed revenue targets or market conditions.

Secondary Liquidity

none

There is no indication of an active secondary market or tender offers for Rebellions' shares.

View all 35 open roles at Rebellions →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Rebellions's data — designed to show you've done your homework.

  • 1

    “Given Nvidia's dominant market share, how does Rebellions plan to differentiate its Rebel-Quad accelerator to capture significant market share, particularly in the data center inference segment, over the next two years?”

  • 2

    “With 2025 revenue falling short of the 100 billion won target, what specific strategies are in place to accelerate customer acquisition and revenue growth to ensure a successful IPO and meet future financial milestones?”

  • 3

    “Considering the planned IPO in late 2026 to early 2027, what are the company's expectations regarding valuation and liquidity for common shareholders, especially given the current funding intensity and preference stack?”

Community

Valuation Sentiment

Our model estimates -66% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.