I’m a senior editor at Forbes based in Hong Kong, covering entrepreneurs and investors in Asia. I edit the Korea’s 50 Richest wealth ranking and co-edit the Forbes Asia 100 to Watch list.
eepX, a South Korean AI chip startup, has raised a $62 million Series C round at a $500 million valuation. The round brings its total funds raised to $80.5 million.
Skylake Equity Partners, another South Korean private equity firm, is founded and led by Chin Dae-je, a former Samsung Electronics executive who was instrumental in turning the company into the world’s top memory-chip maker by revenue. The new funds will be used to develop power-efficient AI chips and begin mass producing them by the end of this year. DeepX’s chips are designed to run AI models on the device itself, without the need for a network connection to a cloud, which reduces latency and provides greater security. The chips can be used in cars, factories, robots, security cameras and electronic devices.
More than 100 companies around the world have expressed interest in DeepX’s AI chips, says Kim, including Hyundai Motors Robotics Lab and Posco DX, the digital technology unit of South Korean steel giant Posco.
Ai Unicorn Korea Ai Korea Startup Korea Unicorn Korea Semiconductor Sk Hynix Samsung Ai Samsung Memory Nvidia Startup
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