DeepX Co.

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)

DeepX, a South Korean AI chip designer, raised approximately $29 million in Series D funding at a $2.2 billion valuation and is negotiating a $209 million follow-on round at a $2.4 billion valuation by September — signaling rapid investor confidence amid global AI hardware competition.