Odaily Planet Daily report: South Korean AI chip design company DeepX Co. recently completed a new funding round, with its valuation surging approximately fourfold compared to its previous round, reflecting continued strong investor interest in companies along the AI industry chain. According to sources familiar with the matter, the startup headquartered in Banqiao, Gyeonggi-do, has a valuation of approximately KRW 3.14 trillion (USD 2.2 billion) in this latest round. DeepX has signed the initial agreements for its Series D financing, securing KRW 42 billion from existing investors BNW Investment Co. and DS Asset Management Co. (The Edge Markets)
South Korean AI chip startup DeepX valuation surges fourfold to $2.2 billion
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Summary
South Korean AI chip startup DeepX Co. has seen its valuation surge to 3.14 trillion won ($2.2 billion), quadrupling from its last funding round. Headquartered in Gyeonggi Province, the company raised 42 billion won in its Series D round from existing investors BNW Investment and DS Asset Management. The AI + crypto news underscores sustained interest in digital assets as the firm progresses in AI-driven semiconductor development.
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