Ai Chip Company Deepx Gets $80 Million In Series C At A Value Of $529 Million.

DEEPX, a South Korean startup, has secured $80 million in a Series C funding round to accelerate the development and release of its upcoming on-device AI solutions. The company’s valuation has increased over eight times since its previous funding round in 2021. The global market for on-device AI is expected to reach $107.47 billion by 2029, driven by advancements in computer vision technologies and applications such as facial and voice recognition, smart mobility, and physical security systems.