South Korean AI chip designer DeepX Co. has secured the first tranche of a new funding round that lifts its valuation to about $2.2 billion, roughly four times its prior valuation, according to reports from Bloomberg and The Next Web. The company is raising a Series D round, with the initial tranche reported at about $29 million from existing backers. The coverage frames the move as part of ongoing investor interest in companies tied to artificial intelligence, including firms building specialized chips for AI workloads.
Both outlets describe DeepX as a relatively lesser-known player outside the chip and AI sector, but emphasize that the funding signals continued market appetite for such businesses. The reports also indicate that the Series D round is not yet complete, with the tranche described as only the first portion of the financing. No additional details on the round’s full size, new investors, or specific chip programs are included in the provided excerpts. Overall, the key development is DeepX’s valuation jump to $2.2 billion following the disclosed initial investment for its Series D financing.
