DEEPX, an AI chip startup, raises $80M in Series C funding at a $529M valuation

Are you ready to dive into the fascinating world of on-device AI chips and the cutting-edge technology behind them? If so, then this blog post is for you! In this post, we will be exploring the latest developments from South Korean startup DEEPX, as they announce their groundbreaking Series C funding round and unveil their innovative AI chip solutions.

Subheadline 1: The Rise of DEEPX
DEEPX is making waves in the tech industry with its advanced on-device AI chip technology. Founded in 2018 by CEO Lokwon Kim, a seasoned veteran with experience at top tech companies like Apple and Cisco Systems, DEEPX is on a mission to revolutionize AI applications in electronic devices. The recent Series C funding of $80 million has propelled the company to new heights, with a valuation of $529 million and plans for global distribution of their flagship products.

Subheadline 2: The Future of On-Device AI
As the global edge AI market continues to grow exponentially, DEEPX is at the forefront of innovation with its diverse range of AI chip solutions. From vision systems in home appliances to AI computing boxes in smart factories, DEEPX’s All-in-4 AI Total Solution offers cost efficiency, energy consumption efficiency, and comprehensive support for various AI applications. With over 259 patents pending, DEEPX is poised to lead the way in on-device AI technology.

Subheadline 3: Collaboration and Expansion
DEEPX is not working alone in the competitive landscape of AI chip startups. With strategic partnerships and collaborations with industry leaders like Hyundai Kia Motors Robotics Lab and POSCO DX, DEEPX is paving the way for commercializing their AI chip capabilities. The latest investment round, led by SkyLake Equity Partners, demonstrates the industry’s confidence in DEEPX’s potential for growth and innovation.

In conclusion, DEEPX is a company to watch in the fast-paced world of on-device AI technology. With groundbreaking products on the horizon and a commitment to excellence in AI chip solutions, DEEPX is making a significant impact on the tech industry. Stay tuned for more exciting updates from this visionary South Korean startup!

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