Korean AI Chip Startup Raises $62 Million Round Led By Ex-Samsung Executive's Private Equity Firm [Forbes]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
US:NYSE Investor Relations:
posco.com/homepage/docs/eng5/jsp/invest/archive/s91b6010071l.jsp
Company Research
Source: Forbes
eepX, a South Korean AI chip startup, has raised a $62 million Series C round at a $500 million valuation. The round brings its total funds raised to $80.5 million. The Series C was led by Skylake Equity Partners, which contributed half of the new funding round. The rest came from South Korean private equity firms AJU IB Investment, BNW Investment and Timefolio Asset Management. Skylake Equity Partners, another South Korean private equity firm, is founded and led by Chin Dae-je, a former Samsung Electronics executive who was instrumental in turning the company into the world's top memory-chip maker by revenue. “Skylake invests in the best AI semiconductor companies,” says Lokwon Kim, founder and CEO of DeepX, in a video interview. “They asked to explain DeepX's technical details and they actually understand.” Skylake's previous investments include billionaire 's chip equipment-maker Hanmi Semiconductor and billionaire 's travel superapp Yanolja. “We have met many big companie
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PKX
Sec Filings
- 5/16/24 - Form 6-K
- 5/14/24 - Form 6-K
- 5/2/24 - Form 6-K
- PKX's page on the SEC website