Korea AI Chip Startup DeepX Value Soars 4x, Eyes Robot Market

DeepX, an AI chip company in Pangyo, South Korea, completed the first batch of Series D funding, valuing it at about 3.14 trillion KRW (about 14.87 billion RMB), four times higher than before. The firm plans to raise another 300 billion KRW by September, potentially reaching 3.5 trillion KRW post-money.

DeepX focuses on custom AI chips for robots and smart gadgets. This funding round shows strong market demand for AI hardware, and the money will help expand R&D and production.