DeepX was founded in 2016, focusing on the research and development of Application-Specific Integrated Circuit (ASIC) chips for deep learning and artificial intelligence applications. The company is committed to providing efficient and high-performance AI chip solutions to meet the growing demands of AI applications. The recent round of financing will help DeepX accelerate technological innovation, expand its product line, and further consolidate its position in the AI chip market.
This round of funding was led by a well-known investment institution in South Korea, with other investors including several prominent companies and venture capital firms. DeepX stated that the funding will be mainly used for the following purposes:
- Research and Development: DeepX will continue to increase investment in AI chip research and development to drive the development of the next generation of AI chips to meet market demand.
- Market Expansion: By expanding the sales team and partner network, DeepX plans to increase its presence in the global market, especially expanding into overseas markets.
- Product Line Expansion: The company plans to develop more AI chips suitable for different scenarios and applications to meet various needs.
DeepX's CEO, Jun-Hyuk Choi, stated, "We appreciate the support from investors for DeepX. We will use this funding to increase our research and development efforts, enhance product competitiveness, and solidify our position in the AI chip market. We believe that through continuous innovation and market expansion, DeepX will drive the global development of AI technology."
This financing round is an important milestone for DeepX, showcasing the company's technical strength and market potential in the field of AI chips. As a leader in the South Korean AI chip industry, DeepX's development also reflects the support of the South Korean government for the AI industry. The rapid development of global AI technology brings significant growth potential to the AI chip market, and DeepX is poised for success in the global market with its technological advantages and market potential.
In conclusion, the 120 billion Korean won financing for DeepX will provide strong support for the company's development, focusing on research and development, market expansion, and product line expansion, helping the company stand out in the global competition in the AI chip market and contribute to the global development of AI technology.
