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AI chip startup DeepX nears $90 million in fresh funding

PRIVATEFeb 26, 2024•over 2 years ago

Amount Raised

$90 Million

South KoreaSemiconductor Manufacturing

Investors

Timefolio Asset ManagementSkylake Equity Partners

Description

AI chip startup DeepX Co. is close to raising $90 million in a funding round to accelerate production and bankroll global expansion.

Company Information

Company

DeepX

Location

South Korea

About

DEEPX is a global leader in on-device AI, specializing in the development of AI semiconductors that bring intelligence to every electronic device. Our cutting-edge AI chip product line is set to revolutionize industries like robotics, smart cities, surveillance, and more by optimizing performance, reducing power consumption, and enhancing cost efficiency for on-device AI operations. Collaborating with industry leaders like Hyundai Kia Motors Robotics Lab, POSCO DX, and Jahwa Electronics, we are driving mass production development and expanding partnerships with over 70 global companies in various sectors. Through innovation, strategic collaborations, and a global perspective, DEEPX is committed to setting the industry standard for on-device AI worldwide. Join us in shaping the future of AI technology! Apply our Early Engagement Customer Program now and be part of our exciting vision!

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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