DEEPX Valuation, Funding & Investors

DEEPX is valued at $2.2B as of August 2026.

See full DEEPX profile

Last DEEPX valuation

$2.2B

Series D · Aug 2026

Last DEEPX funding round

Series D

Amount undisclosed · Aug 2026

Cumulative funding DEEPX raised

$188M

across 6 funding rounds

Key investors in DEEPX

DEEPX Overview

About DEEPX

DEEPX is a software company delivering artificial intelligence services for various applications.


Founded

2018

HQ

South KoreaSeongnam

Website

deepx.ai

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$2.2B (Aug 2026)

DEEPX Valuation

DEEPX is currently valued at $2.2B, based on its Series D in August 2026.

The $3M round included DS Asset Management and BNW investment.

DEEPX's valuation has grown 4.1x from $529M at its Series C in February 2024 to $2.2B in August 2026, across 3 priced rounds.

DEEPX valuation by funding round

DEEPX valuation by funding round
DateStageValuation
Aug 2026Series D$2.2B
May 2024Series C$529M
Feb 2024Series C$529M

DEEPX Funding History

DEEPX has raised a total of $188M across 6 funding rounds.

DEEPX's first fundraising round was a $4M Series A in January 2020. The most recent completed round was a Series D in August 2026.

DEEPX funding rounds

DEEPX funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2026Series D----
Aug 2026Series DDS Asset Management; BNW investment$3M$2.2BDeepX secured the first tranche of its Series D round from existing backers BNW Investment and DS Asset Management, raising 42 billion won in fresh funding at a post-money valuation of about 3.14 trillion won ($2.2 billion). The deal reflects continued investor demand for AI semiconductor companies, and the company is reported to be pursuing additional capital in the same round. DeepX is a Pangyo-based South Korean AI chip designer focused on edge-AI inference chips and on-device AI semiconductor technology. The company’s prior financing history includes a Series C round of 110 billion won led by SkyLake Equity Partners with participation from BNW Investment, AJU IB, and existing investor TimeFolio Asset Management. DeepX said that earlier capital was intended to accelerate mass production of its first product line and development of next-generation LLM on-device solutions. Current reporting indicates the Series D round may expand further through September as part of a larger pre-IPO fundraising process. DeepX was founded in 2018 and develops AI semiconductor chips for edge devices and on-device large language model applications. Recent coverage places the company’s valuation trajectory at roughly four times its previous funding mark, underscoring rapid growth in investor confidence around its technology and commercialization plans.
May 2024Series CSkyLake Incuvest (lead); AJU IB Investment Co; Timepolio Asset Management; BNW investment$81M$529MDEEPX is a South Korean AI semiconductor startup founded in 2018 by Lokwon Kim, a former Apple and Cisco engineer, specializing in on-device AI chips and solutions including DX-V1, DX-V3 processors for consumer electronics, and DX-M1, DX-H1 chips for AI computing boxes and servers. The company secured $80-80.5 million (KRW 108.5-110 billion) in its Series C funding round on May 9-10, 2024, led by SkyLake Equity Partners with participation from BNW Investments, AJU IB Investment, and existing investor Timefolio Asset Management, bringing total funding to around $95 million. This round valued DEEPX at $529 million (KRW 723 billion), an over eight-fold increase from its prior Series B valuation tied to a $15 million raise in 2021. The proceeds will fund mass production of DEEPX's four existing AI chips for global distribution starting late 2024 and accelerate development of next-generation large language model (LLM) on-device solutions. DEEPX emphasizes energy-efficient alternatives to Nvidia's GPU-based systems for server-scale and on-device AI, aiming to reduce power consumption and costs. The company holds 259 patents pending in the US, China, and South Korea, has earned accolades like EE Times Silicon 100 recognition, VSD Innovator Award Gold Medal, and multiple CES 2024 Innovation Awards, and employs about 65 people. As of the round, DEEPX had no customers but was engaging over 100 potential clients and partners, including Hyundai Kia Motors Robotics Lab and POSCO DX, for testing. Investors bring deep semiconductor expertise: SkyLake's DaeJe Chin, ex-Samsung memory pioneer and 'Mr. Semiconductor,' and BNW's Jea Wook Kim, former Samsung Device Solutions head. SkyLake became DEEPX's second-largest shareholder. Later developments include plans for a 2027 IPO with Morgan Stanley hired for fundraising.
Feb 2024Series CSky Lake Investment (lead); AJU IB Investment Co; Timepolio Asset Management; BNW investment$83M$529MDEEPX is a South Korean on-device AI semiconductor startup founded in 2018 by CEO Lokwon Kim, who previously worked at Apple, Cisco Systems, IBM, and Broadcom. The company specializes in neural processing units (NPUs) and AI chips for embedded applications across physical security, robotics, home appliances, smart mobility, and smart cameras. DEEPX produces multiple chip products including DX-V1 and DX-V3 processors for consumer electronics, as well as DX-M1 and DX-H1 chips designed for AI computing boxes and servers. The company raised $80 million (reported as both $80M and $80.5M in different sources, equating to KRW 108.5 billion to KRW 110 billion) in Series C funding in May 2024 at a post-money valuation of $529 million, representing an over eight-fold increase from its Series B valuation of approximately $15 million in 2021. The round was led by SkyLake Equity Partners, with participation from BNW Investments, AJU IB, and existing shareholder Timefolio Asset Management. SkyLake became DEEPX's second-largest shareholder; both SkyLake's founder and BNW's chairman are prominent Samsung Electronics veterans, bringing significant semiconductor industry expertise. At the time of the funding round, DEEPX employed approximately 65 people and had no commercial customers, though it was collaborating with over 100 potential clients and strategic partners including Hyundai Kia Motors Robotics Lab and POSCO DX to test its AI chip capabilities. The company holds 259 patents pending across the US, China, and South Korea, and has received recognition as a Silicon 100 company by EE Times, a VSD Innovator Award Gold Medal, and multiple CES 2024 innovation awards. The funding was designated for mass production of its four flagship chip products in late 2024 and acceleration of next-generation large language model on-device solutions.
May 2021Series BTimepolio Asset Management; SJ Investment Partners; Korea Development Bank; DS Asset Management; Intervalue Partners; Capstone Partners; Magna Investment; Shinhan Capital; Pathfinder H$18M-DEEPX is a South Korean startup developing on-device AI chips, including neural processing units (NPUs) for applications in robotics, smart cities, surveillance, and electronic devices. The company offers products like DX-V1, DX-V3 for vision systems, and DX-M1, DX-H1 for AI computing and servers, emphasizing cost and energy efficiency. Later, in May 2024, DEEPX secured an $80 million Series C at $529 million valuation, bringing total funding to around $95-103.6 million.
Jan 2020Series AShinhan Bank; Alumni Partners; Capstone Partners; Magna Investment; Pathfinder H$4M--

Who has invested in DEEPX?

15 investors have backed DEEPX across its funding rounds, including Timepolio Asset Management, BNW investment, Capstone Partners, AJU IB Investment Co, DS Asset Management and Magna Investment.

Lead investors include SkyLake Incuvest and Sky Lake Investment.


DEEPX Investors

Investors in DEEPX by funding rounds participated
InvestorHQRoundsRoleFirst check
Timepolio Asset ManagementSouth KoreaSeoul3ParticipantMay 2021
BNW investmentSouth KoreaSeoul3ParticipantFeb 2024
AJU IB Investment CoSouth KoreaSouth Korea2ParticipantFeb 2024
DS Asset ManagementSouth KoreaSeoul2ParticipantMay 2021
Capstone PartnersSouth KoreaSeoul2ParticipantJan 2020
Magna InvestmentSouth KoreaSeoul2ParticipantJan 2020
Pathfinder HSouth KoreaSeoul2ParticipantJan 2020
Shinhan BankSouth KoreaSeoul1ParticipantJan 2020
Alumni PartnersSouth KoreaSeongnam1ParticipantJan 2020
SJ Investment PartnersSouth KoreaSeoul1ParticipantMay 2021
Korea Development BankSouth KoreaSeoul1ParticipantMay 2021
Intervalue PartnersSouth KoreaSeoul1ParticipantMay 2021
Sky Lake InvestmentSouth KoreaSeoul1LeadFeb 2024

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DEEPX Competitors

DEEPX competitors include listed companies like Haizhi, Ncino and Affle 3i, and private ones like Exa, Insitro and Turing.

Public and private companies comparable to DEEPX
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ExaUnited StatesSan Francisco, CAPrivate$10M-$2.2B-
InsitroUnited StatesSan Francisco, CAPrivate--$2.2B-
TuringUnited StatesSan Francisco, CAPrivate$300M-$2.2B7.3x
HaizhiChinaChinaPublicly listed$93M($30M)$2.1B16.3x
NcinoUnited StatesUnited StatesPublicly listed$595M$65M$2.3B4.0x
Affle 3iIndiaIndiaPublicly listed$282M$67M$2.3B6.7x

DEEPX Public Comps

DEEPX is still privately-owned, but its public comps include Haizhi, Ncino, Affle 3i, C3.ai, Wenge AI, TRS Information Technology, PCITECH, Fractal Analytics, Appier Group and Rackspace.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
Ncino$595M$65M4.3x4.0x39.0x15.8x
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
Wenge AI$60M($20M)27.6x-(82.7x)-
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
PCITECH$1.5B$53M0.8x0.9x24.1x-
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x

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Common questions about DEEPX

When was DEEPX founded?DEEPX was founded in 2018.
Where is DEEPX headquartered?DEEPX is headquartered in Seongnam, South Korea.
Is DEEPX publicly listed?No, DEEPX is a private, VC-backed company.
What is DEEPX's valuation?DEEPX was last valued at $2.2B in its Series D in August 2026.
How much funding has DEEPX raised?DEEPX has raised $188M across 6 funding rounds.
What was DEEPX's last funding round?DEEPX's last funding round was a Series D in August 2026.
Who are DEEPX's investors?DEEPX's investors include Timepolio Asset Management, BNW investment, AJU IB Investment Co, DS Asset Management, Capstone Partners, Magna Investment, Pathfinder H, Shinhan Bank, Alumni Partners, SJ Investment Partners and 5 others.
Which companies are comparable to DEEPX?Companies comparable to DEEPX include Exa, Insitro, Turing, Haizhi, Ncino and Affle 3i.

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