Fundz

AI chip startup DeepX nears $90 million in fresh funding

Feb 26, 2024

Amount Raised

$90 Million

Round Type

Funding Round

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.

Quick answer

DeepX raised $90 Million in a Funding Round round, dated February 26, 2024. Investors: Timefolio Asset Management and Skylake Equity Partners. DeepX is based in South Korea.

How much did DeepX raise?
DeepX raised $90 Million in a Funding Round round on February 26, 2024.
Who invested in DeepX?
Timefolio Asset Management and Skylake Equity Partners are named as investors in this round.
What does DeepX do?
DEEPX is a global leader in on-device AI, specializing in the development of AI semiconductors that bring intelligence to every electronic device.
Where is DeepX based and how big is it?
DeepX is based in South Korea. Fundz records about 220 employees.
Who are the decision-makers at DeepX?
Fundz holds 4 contacts at DeepX, including the CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Semiconductor Manufacturing around the same time

Companies in the same sectors as DeepX that raised within 45 days of this round, from Fundz verified event records.

  • Uhnder raised $50M (Series D) on February 21, 2024.
  • Rebellions raised $124M (Funding Round) on January 30, 2024.
  • Semron raised $7.9M (Funding Round) on January 30, 2024.
  • Rebellions raised $124M (Funding Round) on January 29, 2024.

Who to call at DeepX, and when

A new round usually means DeepX is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day DeepX raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at DeepX, from your own LinkedIn network

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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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Fundz sees it the moment DeepX raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

4 contacts
Verified contactsLokwon, CEO hidden hiddenSee plans and pricing
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DeepX raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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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 Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.