South Korean AI chip firm DeepX has engaged Morgan Stanley to manage a funding round in preparation for a potential IPO in 2027. DeepX, a developer of next-generation neural networks, designs AI silicon for deep learning operations, enabling edge devices to run efficiently.
DeepX has secured $103 million in funding across four rounds, with the most recent Series C round raising $80.5 million in May 2024, led by SkyLake. Investors can currently invest in DeepX via venture funds, investment syndicates or pre-IPO marketplaces.
Morgan Stanley's involvement signals institutional confidence in AI semiconductors. The funding will likely support DeepX's continued development and expansion in the AI chip market.
