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

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.
Technology
New York Auto Show contained WOW factors in the Genesis concept car

Experience through Kimatni D. Rawlins
During the media preview 2025 New York International Auto Show (NYAIS), Genesis of a luxury brand emphasized its steadfast commitment to performance, adventure and the newest innovation with a set of vehicles that would dictate the company’s near future.
VIP guests, automotive media and lifestyle and essential directors, akin to José Muñoz, Randy Parker, Luc Donckerwolke and Olabisi Boyle gathered in Genesis House New York To witness the strategic evolution of the X Gran Equator (XGEC) and technologically advanced GMR-001hercar, which can manage the company’s racing efforts in 2026 on the other side of the spectrum, luxurious, off-road XGEC. The ability to grow deeply in the mother of nature with freedom of wilderness is inspiring. That’s right, in only one staff decade, the progressive Korean car manufacturer has made progress in motor and land sports.
“The concept of X Gran Equator is an exercise with harmonizing contrasts – in terms of elegance with the inequality and spirit of exploration with sophisticated comfort,” said Creative Director Genesis Luc Donckerwolke. “He represents the orchestration of true field competences and uncompromising luxury, designed to allow the most breathtaking landscapes in the world.”

For three consecutive years, Genesis will present developed and magm performance concepts at NYIAIS, including the exclusive GV80 Coupe concept, a panoramic concept of Neolun and the concept of dynamic GV60 magma. These vehicles add a portfolio dimension with energetic lines, enthusiastic attributes and engineering desirous about the future. The goal is to further expand your list to satisfy the various needs and evolving appetites of every species of consumer and motor sports enthusiasts.
Symbolizing the brand’s desire to calm the owners of the highest hospitality, we gathered in Genesis House in the Meatpacking district, where Genesis presented the concept of X Gran Equator, which will likely be issued by the end of July. With the name borrowed from a strong Arabian horse, the revolutionary SUV and its possibilities of collecting resembling the dune contain an prolonged hood, characteristic two-lubble headlights that cut the faceless checkered, divided tailgate, 24-inch roms wrapped in swivel roof cabinets. Internal digital features with physical switches and handles, a 4 -circular display cluster inspired by vintage discs, rotating front seats and parts of memory and compartments.

Then it was flashy and vigorous introduction of Genesis Magma Racing and its full-fledged Hypercar GMR-001. The LMDH Endurance prototype built for a few 12 months will start in 2026 with the highest challenge of entering 24 hours Le Mans. However, his current goal will likely be FIA World Endurance Championship (WEC) and IMSA Sportscar Championship. Drivers, racing overalls and orange color Magma, representing a grit with a strong presence, were also introduced. The graphics pay tribute to the Korean Heritage Genesis when interlacing motor innovations. The final details haven’t been released, but the newly developed V8 engine with a double turbo is a source of the hybrid drive system and chassis developed from Orec Motorsport. The Magma program adds a brand new dimension of Genesis, marking its expansion in high -performance production. Genesis goals to create a magma model for every production vehicle in an existing composition.
“Today it is a significant milestone for Genesis Magma Racing, when we reveal Hypercar GMR-001, as well as our striking colorful and racing suits,” said Cyril Abiteboul, team director. “We are preparing for our IMSA campaigns in 2026 and 2027 IMSA, we not only gather a racing team; we forge heritage. Every day brings us back to the implementation of the full potential of the genesis in the world of motor sports.”
After vehicle presentations, I adapted to the unique and authentic offers at Genesis House, where you possibly can have a delicious Korean culinary experience, read the Korean story, enjoy tea time or watch a lot of Genesis products at the exhibition. Other places and classes to enjoy in New York include insulation in Majestic Equinox Hotel, admiring Dish and its structure of a honeycomb, exploration of stores in Hudson Yards, including Genesis Studio, walking along the elevated high -line park built on the historic railway line, and taking lunch at Mercado little Spain or dinner in a clearly Korean restaurant Moon At East Village, Manhattan.
Understanding the assumptions of brands that you just admire – whether it’s automotive, technology or travel – is perfectly paying tribute to their heritage, strategy and values by immersing themselves in the DNA of their successful formulas. I used to be grateful for representing as a son-unit (honorary guest) while consuming enriching habits, social labels and approach to philosophical design during experience in Genesis in Nyias 2025.
(Tagstranslat) ny auto show
Technology
Anysphere, which makes the cursor supposedly collect USD 900 million with a valuation of USD 9 billion

Anysphere, producer of coding cursor with AI drive, attracted $ 900 million in the recent financing round by Thrive Capital, Financial Times He informed, citing anonymous sources familiar with the contract.
The report said that Andreessen Horowitz (A16Z) and ACCEL also participate in the round, which values about $ 9 billion.
The cursor collected $ 105 million from Thrive, and A16Z with a valuation of $ 2.5 billion, as TechCrunch said in December. Capital Thrive also led this round and in addition participated in A16Z. According to Crunchbase data, the startup has collected over $ 173 million thus far.
It is alleged that investors, including index ventures and a reference point, attempt to support the company, but plainly existing investors don’t want to miss the opportunity to support it.
Other coding start-ups powered by artificial intelligence also attract the interest of investors. Techcrunch announced in February that Windsurf, a rival for Aklesphere, talked about collecting funds at a valuation of $ 3 billion. Openai, an investor in Anysphere, was supposedly I’m attempting to get windsurf for about the same value.
(Tagstransate) A16Z
(*9*)This article was originally published on : techcrunch.com
Technology
This is the shipping of products from China to the USA

The Chinese retailer has modified the strategy in the face of American tariffs.
Thanks to the executive ordinance, President Donald Trump ended the so -called de minimis principle, which allowed goods value 800 USD or less entering the country without tariffs. It also increases tariffs to Chinese goods by over 100%, forcing each Chinese firms and Shein, in addition to American giants, similar to Amazon to adapt plans and price increases.
CNBC reports that this was also affected, and American buyers see “import fees” from 130% to 150% added to their accounts. Now, nevertheless, the company is not sending the goods directly from China to the United States. Instead, it only displays the offers of products available in American warehouses, while goods sent from China are listed as outside the warehouse.
“He actively recruits American sellers to join the platform,” said the spokesman ago. “The transfer is to help local sellers reach more customers and develop their companies.”
(tagstotransate) tariffs
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