South Korean AI chip design company DeepX has completed the first tranche of its Series D financing, according to ChainCatcher. The company raised KRW 4.2 billion from existing investors BNW Investment Co. and DS Asset Management Co. Following the transaction, DeepX was valued at about KRW 3.14 trillion, or roughly $2.2 billion. The report said that marks an approximately fourfold increase from the company’s valuation in its previous funding round. No additional details on the overall Series D size or timeline were disclosed in the brief.
South Korean AI chip design company DeepX has completed the first tranche of its Series D financing, according to ChainCatcher.
The company raised KRW 4.2 billion from existing investors BNW Investment Co. and DS Asset Management Co. Following the deal, DeepX was valued at about KRW 3.14 trillion, or roughly $2.2 billion, about four times its valuation in the previous round.
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