South Korean chip unicorn DeepX's valuation soars 4x to $2.2 billion

Odaily News - South Korean AI chip design firm DeepX Co. has recently completed a new round of financing, with its valuation surging approximately fourfold from the previous round, reflecting sustained high investor enthusiasm for companies in the AI supply chain. According to sources familiar with the matter, the startup, headquartered in Pangyo, Gyeonggi Province, is valued at approximately 3.14 trillion Korean won (equivalent to $2.2 billion) in its latest round of deals. DeepX has signed the first agreements of its Series D funding round, securing 42 billion Korean won from existing investors BNW Investment Co. and DS Asset Management Co. (Theedgemarkets)