Connect with us

Technology

AI chip startup DEEPX secures $80 million Series C at $529 million valuation

Published

on

Semiconductor and circuit board with data flowing.

DEEPX is a South Korean AI chip-on-device startup that creates hardware and software for various AI applications in electronic devices. This week, the corporate announced that it had raised $80 million (KRW 108.5 billion) in a Series C round at a valuation of $529 million (KRW 723 billion), a rise of greater than eightfold in comparison with its Series B financing of roughly $15 thousands and thousands of dollars. in 2021

The Series C funding, which brings a complete amount of roughly $95 million, will support mass production of the startup’s inaugural products – DX-V1, DX-V3, DX-M1 and DX-H1 – in late 2024 for global distribution. The startup will even use the brand new capital to speed up the event and launch of a brand new generation of enormous language model (LLM) device solutions.

DEEP was founded in 2018 by CEO Lokwon Kim, who previously worked at Apple, Cisco Systems, IBM Thomas J. Watson Research Center and Broadcom.

The global edge AI, also called on-device AI, market size is: expected to achieve $107.47 billion by 2029The latest report shows that in 2021, this amount increased from $11.98 billion. “The market for AI on devices, excluding edge servers, requires the implementation of AI capabilities bypassing servers or the cloud,” Kim told TechCrunch. “The on-device AI market is growing with computer vision capabilities such as facial and voice recognition, smart mobility, robotics, IoT and physical security systems.”

Kim said that if mass production begins this yr, potential customers equivalent to end-product manufacturers could commercialize their products with DEEPX AI chips in 2025.

DEEPX, with about 65 employees, just isn’t the one company that has developed AI chip solutions. The Korean company competes with Hailo, which received a $120 million funding round last month; SiMa.ai, which closed on $70 million, also in April; and Axelera, a Belgian AI chip startup that raised $27 million in 2022.

Kim said his company’s differentiators include cost efficiency, energy efficiency and All-in-4 AI, a comprehensive solution for various AI applications. Its All-in-4 AI solutions include: DX-V1 and DX-V3, designed for vision systems in home appliances, surveillance camera systems, robotic vision systems and drones; in addition to the DX-M1 and DX-H1, that are designed for AI computing computers, AI servers, smart factories and AI amplification chips. Kim said DEEPX currently has greater than 259 patents pending within the U.S., China and South Korea.

“Nvidia’s GPGPU-based solutions are most cost-effective for services with large language models such as ChatGPT; the total power consumed by running GPUs has reached levels that exceed the electricity of the entire country,” Kim said. “This collaborative technology between server-scale AI and large AI models on devices is expected to significantly reduce energy consumption and costs compared to relying solely on data centers.”

The startup has no customers yet, but is working with over 100 potential customers and strategic partners equivalent to Hyundai Kia Motors Robotics Lab and Korean IT company POSCO DX to check the capabilities of DEEPX’s AI chips.

SkyLake Equity Partners, a South Korean technology private equity firm, led the newest investment with BNW Investments, a Korean private equity firm founded by the previous CEO of Samsung LED and Samsung Electronics’ memory chip unit. AJU IB and former sponsor Timefolio Asset Management also participated on this round.

This article was originally published on : techcrunch.com
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

US medical device giant Artivion says hackers stole files during a cybersecurity incident

Published

on

By

Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.

In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.

Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”

Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.

This article was originally published on : techcrunch.com
Continue Reading

Technology

It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500

Published

on

By

Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.

The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.

The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.

More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)

Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.

The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.

Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.

In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.

Image credits:Raspberry Pi

This article was originally published on : techcrunch.com
Continue Reading

Technology

Apple Vision Pro may add support for PlayStation VR controllers

Published

on

By

Vision Pro headset

According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.

The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.

However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.

Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.

This article was originally published on : techcrunch.com
Continue Reading
Advertisement

OUR NEWSLETTER

Subscribe Us To Receive Our Latest News Directly In Your Inbox!

We don’t spam! Read our privacy policy for more info.

Trending