South Korean AI Chip Startup DeepX Valuation Quadruples to 3.14 Trillion KRW

South Korean AI chip startup DeepX has secured the first close of its Series D funding round, raising its valuation fourfold to approximately 3.14 trillion KRW. The company plans to raise an additional 300 billion KRW by September, potentially pushing its post-money valuation to 3.5 trillion KRW. The massive valuation surge highlights the growing market demand and investor enthusiasm for edge AI hardware, which processes AI workloads locally on devices rather than in the cloud. DeepX's expansion could position it as a key competitor in the low-power, low-cost AI chip market for robotics and smart devices. DeepX specializes in Neural Processing Units (NPUs) like the DX-H1 V-NPU, designed to deliver efficient vision inference (such as 25+ TOPS for under $50) for robotics, smart devices, and industrial systems. The company is actively expanding its global partnerships, recently showcasing its low-power solutions at Computex 2026.