Tech Company Financing Transactions
DeepX Funding Round
On 5/9/2024, DeepX secured $80 million in Series C investment from Skylake Incuvest, AJU IB Investment and Timefolio Asset Management.
Transaction Overview
Company Name
Announced On
5/9/2024
Transaction Type
Venture Equity
Amount
$80,000,000
Round
Series C
Investors
Proceeds Purpose
The startup will use the new capital to expedite developing and launching its next generation of large language model (LLM) on-device solutions.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
5F, 20, Pangyoyeok-ro 241beon-gil, Bundang-gu
Seongnam-si, Gyeonggi-do, Undisclosed
Republic of Korea
Seongnam-si, Gyeonggi-do, Undisclosed
Republic of Korea
Phone
Website
Email Address
Overview
Upon observing the exponential growth of IoT devices, surpassing the world's population by tenfold over the past decade, we were inspired to establish our company. Our foresight led us to anticipate the inevitable rise of on-device AI. Envisioning a future where AI seamlessly integrates into every facet of human life, akin to the ubiquity of Wi-Fi today, we recognized the imperative need for low-power, high-performance AI semiconductor technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Lokwon Kim
Browse more venture capital transactions:
Prev: 5/9/2024: Hysata venture capital transaction
Next: 5/9/2024: Jamango venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC investment data records reported here come from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs