Korean AI chip unicorn DeepX sees valuation surge 4x to $2.2 billion
South Korean AI chip designer DeepX Co. has completed a new funding round, with its valuation soaring about fourfold to approximately 3.14 trillion won ($2.2 billion). The company has signed the first agreements of its Series D round, securing 42 billion won from existing investors BNW Investment Co. and DS Asset Management Co.
South Korean AI chip design company DeepX Co. recently completed a new funding round, with its valuation surging about fourfold compared to the previous round, reflecting sustained investor enthusiasm for companies in the AI supply chain. According to sources, the startup, headquartered in Pangyo, Gyeonggi Province, is valued at approximately 3.14 trillion won ($2.2 billion) in the latest transaction. DeepX has signed the first agreements of its Series D round, securing 42 billion won from existing investors BNW Investment Co. and DS Asset Management Co. The news was reported by Cailianshe.
Source: 36Kr —
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