The Zhitong Finance App learned that South Korean AI chip design company DeepX Co. recently completed a new round of financing. The valuation surged about four times over the previous round, reflecting the market's enthusiasm for investing in companies related to the artificial intelligence industry chain. According to people familiar with the matter, the startup, headquartered in Pangyo, Gyeonggi-do, was valued at around 3.14 trillion won (2.2 billion US dollars) in the latest round of transactions. DeepX has signed the first series D financing agreements and received 42 billion won from existing investors BNW Investment Co., and DS Asset Management Co.

The Zhitong Finance App learned that South Korean AI chip design company DeepX Co. recently completed a new round of financing. The valuation surged about four times over the previous round, reflecting the market's enthusiasm for investing in companies related to the artificial intelligence industry chain. According to people familiar with the matter, the startup, headquartered in Pangyo, Gyeonggi-do, was valued at around 3.14 trillion won (2.2 billion US dollars) in the latest round of transactions. DeepX has signed the first series D financing agreements and received 42 billion won from existing investors BNW Investment Co., and DS Asset Management Co.