According to Bloomberg, South Korean AI chip design company DeepX has completed the first tranche of its Series D funding, raising 4.2 billion KRW from existing investors BNW Investment Co. and DS Asset Management Co., with a latest valuation of approximately 3.14 trillion KRW (around $2.2 billion), representing a roughly fourfold increase from its previous valuation.
South Korean AI chip company DeepX completes its D-round financing, valuation surges to $2.2 billion
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Summary
South Korean AI chip company DeepX has raised 4.2 billion KRW in its D-round financing from BNW Investment Co. and DS Asset Management Co. The company’s valuation has now reached 31.4 billion KRW ($2.2 billion), a fourfold increase from its previous round. Amid growing interest in altcoins to watch, DeepX’s valuation surge reflects increased transaction volume across the broader crypto and technology sectors.
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