AI Chip Startup DeepX Nears $90 Million in Fresh Funding
- DeepX is one of a crop of AI semiconductor startups in Korea
- While AI industry is still nascent, chip technology is key
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AI chip startup DeepX Co. is close to raising 120 billion won ($90 million) in a funding round to accelerate production and bankroll global expansion, according to people familiar with the matter.
The South Korean firm has secured 60 billion won from Skylake Equity Partners as well as 30 billion won from existing backer Timefolio Asset Management, said the people, who asked not to be named as the matter is private. DeepX is also in final discussions with another investor to secure 30 billion by next month, they said.