DeepX AI chip startup raises $80 million in Series C funding at a valuation of $529 million

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The Twitter for Android client was “a demo app that Google had created and gave to us,” says Particle co-founder and ex-Twitter employee Sara Beykpour.

The startup will also use the new capital to expedite developing and launching its next generation of large language model (LLM) on-device solutions.

The Israeli startup has raised $5.5M for its platform that uses “statistical AI” to generate synthetic data that it says is as good as the real thing.

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Article Details

Author / Journalist: Kate Park

Category: Technology

Markets: United StatesBelgiumChinaIndiaIsraelSouth KoreaThailand

Topics: SkyLake Equity Partners Fundraising DEEPX Artificial intelligence

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-09 @ 23:00:00 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1091 words

Reading Time: 7 minutes read

Sentences: 42 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20926544

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