[Korean Startup Weekly News #17] DEEPX Secures $80.5M to Mass Produce AI Semiconductors

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Period : May 6th – May 11st, 2024

Headline

DEEPX Secures $80.5M to Mass Produce AI Semiconductors and Launch Next-Gen Solutions
DEEPX raised $80.5M (KRW 110B) in Series C funding, led by SkyLake Equity Partners. The funding will support mass production and next-generation AI semiconductor development.

Mega Funding Boost for South Korean Startups in April 2024
In April 2024, South Korean startups secured substantial funding, with Upstage leading with KRW 100 billion, followed by INTEGRATION and ModuSign. Other notable investments include Dalpha, LINKFLOW, Syntekabio, and Charan.

Korean Government News

Korea-Japan Joint Venture Fund of USD 100 Million Officially Launched in Tokyo
The Korea-Japan Venture & Startup Investment Summit 2024 in Tokyo established a joint USD 100 million fund to support startups and foster bilateral investment cooperation.

Korea’s MSS Hosts Korea-Japan Bio Ecosystem Roundtable: Fostering Collaboration Between Both Nations
Korea’s Ministry of SMEs and Startups held a meeting in Japan to discuss cooperation between Korean bio ventures and Japanese pharmaceutical firms, focusing on joint research and global expansion.

Latest Funding News

Check out the latest funding news for Korean startups

Crescendo Equity Partners Invests Over KRW 100 Billion in Cyberdigm
Cyberdigm secured an investment of over KRW 100 billion from Crescendo Equity Partners to expand its technology, solutions, and global presence in the document centralization market.

Datarize Raises 15 Billion KRW in SeriesB Funding for CRM Marketing Services
Datarize, a South Korean CRM startup for e-commerce, raised 15 billion KRW in SeriesB funding, led by Atinum Investment, with plans to expand globally and strengthen technical capabilities.

OVERTHEHAND, VTuber Platform Company, Raises 3 Billion KRW in SeriesA Funding
Korean startup OVERTHEHAND, which operates the VTuber platform “MASCOZ,” has secured 3 billion KRW in Series A funding from Korea Investment Partners and L&S Venture Capital.

42Maru Secures Strategic Investment from Naver Cloud to Enhance Hyper-Scale AI Collaboration
42Maru, a South Korean generative AI startup, has received strategic investment from Naver Cloud to deepen their partnership and enhance technological cooperation on the HyperCLOVA X project.

South Korean Game Developer GPUN Raises Funds for ‘Project Terrarium’
GPUN, a South Korean game developer, secures KRW 1.7 billion investment from Kakao Ventures and Kona Venture Partners for their new sci-fi shooter “Project Terrarium.”

‘RADICURE’ Secures pre-Series A funding for Innovative Digital X-ray Dementia Treatment
RADICURE secures pre-Series A funding from FuturePlay to develop HeLaXON, a digital X-ray-based treatment system for dementia, showing significant promise.

Liberty Labs Secures Investment to Drive AI-Powered Manufacturing in SMEs
Liberty Labs, backed by Bass Investment and Seoul Techno Holdings, aims to modernize Korean SMEs into AI-driven entities, addressing productivity gaps.

Dreampac Secures Funding to Develop PIPAC for Treating Peritoneal Carcinomatosis
Dreampac, a Korean biomedical startup, received funding to develop PIPAC, aiming to improve treatment for solid tumor peritoneal carcinomatosis.

NXN Labs Secures Early Investment for Pioneering AI Image Generation Technology
NXN Labs, a South Korean AI startup, has secured early investment to develop advanced AI models for e-commerce, specifically tailored for virtual fittings and model creation in the fashion industry.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] Granter: A Customer-Centric SaaS Startup with Rapid Growth in Finance Management
Granter, founded by ex-Samsung engineer Youngin Lee, is a customer-centric SaaS startup rapidly growing by providing intuitive finance and accounting software for small businesses and startups.

[Korean Startup Interview] TCMS : Boosting EV Battery Separator Safety with Innovative Technology, Eyeing for Global Expansion
Korean company TCMS develops innovative “stretching clips” to produce safer and more efficient EV battery separators, aiming for significant impact in the global battery industry.

Others

COMEUP 2024 Aims for Global Reach with Focus on Accessibility and New Audiences
COMEUP 2024, hosted by the Korea Startup Forum, will be held at COEX in Seoul on December 11-12. It seeks to broaden its audience, improve interaction, and bolster international ties.

NAVER’s Q1 2024: Strong Revenue Growth and Strategic Focus
NAVER’s Q1 2024 revenue hits KRW 2.5T, with 10.8% YoY growth. Adjusted EBITDA reaches KRW 581B, bolstered by key segments. CEO Choi outlines a focus on innovation and market trends for sustained competitiveness.

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[Korean Startup Weekly News #17] DEEPX Secures $80.5M to Mass Produce AI Semiconductors

버섯돌이(Taehyun Kim)

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[Korean Startup Weekly News #17] DEEPX Secures $80.5M to Mass Produce AI Semiconductors