AI Chip Startup DeepX Closing in on $90 Million Mega-Funding to Fuel Global AI Chip Expansion

K-tech heavyweight DeepX is nearing completion of a 120 billion won ($90 million) funding round that will power its transition to mass production and spread its AI chip expertise worldwide. The South Korean startup has already secured 60 billion won from venture capital firm Skylake Equity Partners and an additional 30 billion won from existing backer Timefolio Asset Management, sources familiar with the matter said. DeepX is finalizing talks with one more investor for the remaining 30 billion, which are expected to wrap up next month. Neither DeepX, Timefolio or Skylake officials commented on the private funding details.

Headquartered in Pangyo, one of South Korea’s largest tech hubs, DeepX is working closely with automotive leader Hyundai Kia Motors Robotics Lab and steel giant Posco DX to ramp up production of its specialized AI semiconductors. The fresh funding will turbocharge these efforts by expanding DeepX’s manufacturing capabilities and allowing it to establish a global footprint. Its state-of-the-art chips are powering innovations across industries like autonomous vehicles, predictive analytics and industrial robotics.