The South Korean startup Deepx, specializing in the development of artificial intelligence (AI) chips, has secured $80 million in funding in its Series C round, reaching a valuation of $529 million. The round was led by SkyLake Equity Partners, with participation from AJU IB and the continued support of Timefolio Asset Management, consolidating the growth and future expansion of Deepx in the competitive AI technology market.
Founded in 2018 by Lokwon Kim, a former engineer at Apple and Cisco, Deepx has stood out for its innovative approach in creating integrated AI solutions, including the DX-V1 and DX-V3 processors for consumer electronics, and the DX-M1 and DX-H1 chips designed for AI servers and AI computing boxes. The startup plans to use the newly acquired funds to start mass production of these chips by late 2024, aiming for global distribution.
In a world where energy efficiency and cost reduction are crucial, Deepx presents itself as a promising alternative to GPU-based solutions from companies like Nvidia, which, while effective, consume energy comparable to that of an entire country. According to Lokwon Kim, Deepx’s collaborative operation technology, combining server-scale AI with large-scale AI models on devices, could lead to significant reductions in energy consumption and operating costs.
Despite not having clients yet, Deepx is actively working with over 100 potential customers and strategic partners, preparing for its AI chips to become a marketable reality by 2025. With over 259 pending patents in the United States, China, and South Korea, Deepx is not only shaping up to be an innovative player in the tech field but also a serious competitor in the growing global AI market.
This funding milestone marks a significant achievement for Deepx, positioning it as one of the most promising startups in the development of AI solutions that could transform a wide range of industries, from robotics to security and beyond. With the backing of renowned investors and a team led by a technology visionary, Deepx is gearing up to be a leader in the next wave of technological innovation.
For more information: [DeepX](https://deepx.ai/products-ai-chips/)