DEEPX, a pioneering AI semiconductor technology startup, has successfully concluded its Series C funding round, raising an impressive $80.5 million. This significant investment will fuel the mass production of DEEPX’s first product line, as well as accelerate the development and launch of its next-generation on-device solutions.
Leading the funding round is SkyLake Equity Partners, now DEEPX’s second-largest shareholder. Founded by former Minister of Information and Communication, Mr. DaeJe Chin, SkyLake Equity Partners brings extensive expertise in the semiconductor industry. Mr. Chin’s distinguished career at Samsung Electronics, where he spearheaded the development of groundbreaking memory semiconductors, provides unparalleled knowledge to support DEEPX’s growth.
Additionally, Mr. Jea Wook Kim, Chairman of BNW Investment and a renowned semiconductor expert, contributes his vast industry experience from his role as former President of the Device Solutions Division at Samsung Electronics. Together, these industry leaders validate DEEPX’s achievements and reaffirm its commitment to becoming a leading AI semiconductor technology pioneer.
This funding round signifies DEEPX’s technological prowess and potential for future profitability. With a valuation increasing over 8 times since the previous round, market confidence in DEEPX’s disruptive potential is strong. The company specializes in original on-device AI semiconductor and computing solutions, catering to various sectors such as physical security, robotics, smart mobility, and artificial intelligence.
DEEPX’s impressive portfolio includes 259 patents, recognition as a Silicon 100 company by EE Times, a VSD Innovator Award Gold Medal, and multiple CES 2024 innovation awards. The company is expanding its global presence through distributor agreements worldwide and partnering with independent design houses to support large-scale mass production.
Collaborations with global enterprises, including Hyundai Kia Motors Robotics Lab and POSCO DX, further solidify DEEPX’s position as a key player in the AI semiconductor industry. As artificial intelligence continues to shape the future, DEEPX remains at the forefront, developing cutting-edge technology that enhances the intelligence and efficiency of electronic devices.
For media inquiries, please contact Ella Lee, PR & Marketing Lead at DEEPX.
Source: DEEPX
DEEPX, a leading AI semiconductor technology startup, has secured $80.5 million in Series C funding, enabling the company to scale up its production and accelerate the development of its next-generation on-device solutions. The funding round was led by SkyLake Equity Partners, with Mr. DaeJe Chin, former Minister of Information and Communication, and Mr. Jea Wook Kim, Chairman of BNW Investment, also contributing to the round.
DEEPX’s focus on original on-device AI semiconductor and computing solutions has attracted significant attention and confidence from the market. The company’s valuation has increased by over 8 times since the previous funding round, indicating strong market confidence in DEEPX’s disruptive potential. DEEPX’s expertise in sectors such as physical security, robotics, smart mobility, and artificial intelligence positions it as a key player in the industry.
DEEPX’s impressive portfolio, consisting of 259 patents, recognition as a Silicon 100 company by EE Times, a VSD Innovator Award Gold Medal, and multiple CES 2024 innovation awards, highlights the company’s technological prowess and innovative solutions. DEEPX is also expanding its global presence through distributor agreements and collaborations with independent design houses to support large-scale mass production.
Collaborations with global enterprises, including Hyundai Kia Motors Robotics Lab and POSCO DX, further validate DEEPX’s position as a significant player in the AI semiconductor industry. These partnerships allow DEEPX to leverage the expertise and resources of these companies to accelerate its growth and development.
Advantages of DEEPX’s AI semiconductor technology include enhanced intelligence and efficiency of electronic devices, which can have far-reaching implications in various industries. With DEEPX’s solutions, businesses can leverage cutting-edge technology to improve their products and services, leading to increased competitiveness and innovation.
However, the AI semiconductor industry also faces challenges and controversies. One of the key challenges is the ethical use of artificial intelligence. As AI becomes more advanced, ensuring transparency, fairness, and accountability in AI systems is crucial to avoid unintended consequences and potential biases. DEEPX, along with other industry players, must address these ethical concerns to build public trust.
As for market trends and forecasts, the AI semiconductor industry is expected to witness significant growth in the coming years. According to a report by Market Research Future, the global AI semiconductor market is projected to reach $58.2 billion by 2026, growing at a CAGR of 38% during the forecast period. This growth is driven by increasing demand for AI-enabled devices and applications in various sectors such as healthcare, automotive, and consumer electronics.
In conclusion, DEEPX’s recent funding round and technological achievements position it as a leading AI semiconductor technology pioneer. The company’s disruptive potential, strong market confidence, and collaborations with global enterprises highlight its future prospects. However, challenges related to ethical AI use should also be addressed. The booming AI semiconductor market presents opportunities for DEEPX and other industry players to drive innovation and shape the future of artificial intelligence.
For more information, please visit DEEPX.