DeepX, a leading AI chip startup based in South Korea, is on the verge of closing a significant funding round amounting to 120 billion won ($90 million). This infusion of capital aims to propel the company’s production capabilities and facilitate its expansion into global markets, according to sources familiar with the matter.
The funding round has seen substantial participation from prominent investors. Skylake Equity Partners has already committed 60 billion won to DeepX, while existing backer Timefolio Asset Management has injected an additional 30 billion won into the venture. Sources suggest that DeepX is also in advanced negotiations with another investor to secure an additional 30 billion won by the following month.
While representatives for DeepX and Timefolio have refrained from commenting on the matter, officials from Skylake Equity Partners were not immediately available for comment, underscoring the confidentiality surrounding the ongoing negotiations.
Headquartered in Pangyo, DeepX has established itself as a key player in the AI semiconductor landscape. The company collaborates with renowned entities such as the Hyundai Kia Motors Robotics Lab and Posco DX to advance its specialized AI semiconductor technology. With a focus on innovation and efficiency, DeepX is poised to transition towards mass production of its cutting-edge AI semiconductors, catering to the growing demand for AI-driven solutions across various industries.
The injection of funds comes at a crucial juncture for DeepX as it navigates the dynamic landscape of AI technology. With the global demand for AI solutions reaching unprecedented levels, the company’s strategic expansion plans are well-timed to capitalize on emerging opportunities and solidify its position as a frontrunner in the AI chip market.
The significance of DeepX’s endeavors extends beyond technological innovation. By fostering collaborations with industry leaders and securing substantial investments, the company is not only driving advancements in AI chip technology but also contributing to the broader ecosystem of AI-driven innovation.
As DeepX prepares to embark on its next phase of growth, fueled by the influx of capital and strategic partnerships, the company is poised to redefine the boundaries of AI technology and shape the future of industries worldwide. Through its relentless pursuit of excellence and commitment to innovation, DeepX stands at the forefront of the AI revolution, poised to make a profound impact on the way we interact with technology in the years to come.