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DeepX Co. secures funding with a $2.2B valuation in its Series D funding round, attracting investors as it expands production agreements in eight countries.

PRIVATEAug 03, 20266 days ago

Amount Raised

$2.2 Billion

Round Type

Series D

South KoreaSemiconductor Manufacturing

Description

DeepX Co., a South Korean designer of AI chips based in Pangyo, has completed the initial phase of its Series D funding, significantly increasing its valuation to approximately $2.2 billion. The overall round is still open as the company targets up to 300 billion won in additional funding by September. The increase reflects investor confidence in DeepX's growth and commercial partnerships, focusing on efficient AI processing chips. The company's technology aims to serve industries beyond traditional data centers, catering to robotics and smart electronics.

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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