SECURITY Signal 408
Sources: South Korean AI chip designer DeepX raised a ~$29M Series D at a ~$2.2B valuation, and is in talks to raise ~$209M at a ~$2.4B valuation by September (Yoolim Lee/Bloomberg)
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WHY IT MATTERS
The valuation jump to roughly four times its previous level signals strong capital interest in alternative AI hardware vendors. If the larger raise succeeds, it would provide DeepX the resources to scale production, potentially offering engineers new silicon options for AI workloads.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
01
DeepX secured ~$29M in a Series D round at a ~$2.2B valuation.
02
The company is in discussions to raise an additional ~$209M at a ~$2.4B valuation by September.
03
The Series D valuation is roughly four times the company's previous valuation.
THE CLUSTER
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Techmeme
Sources: South Korean AI chip designer DeepX raised a ~$29M Series D at a ~$2.2B valuation, and is in talks to raise ~$209M at a ~$2.4B valuation by September (Yoolim Lee/Bloomberg)
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