South Korean AI chip designer DeepX raises $2.2 billion valuation in Series D funding—four times previous value

South Korean AI chip designer DeepX raises $2.2 billion valuation in Series D funding—four times previous value—as AI boom drives investor enthusiasm

AI Chip Designer DeepX’s Value Surges to $2.2 Billion in Funding

South Korean AI chip designer DeepX Co. has secured fresh funding at roughly four times its previous valuation, in a sign of sustained enthusiasm for companies involved in the artificial intelligence boom.The Pangyo-based startup was valued at about 3.14 trillion won ($2.2 billion) in its latest deal, according to people with knowledge of the matter. DeepX has signed the first tranche of its Series D round, securing 42 billion won from existing backers BNW Investment Co. and DS Asset Management ...