China AI start-up DeePhi Tech sold to Xilinx

Financial details of the transaction have not been announced. According to a release, the DeePhi team will continue to work out of its offices in Beijing, growing Xilinx’s Greater China presence to more than 400 employees.

Launched in 2016, DeePhi provides a deep learning software development kit that aims to simplify and accelerate deep learning applications in AI products and services. Xilinx has been an investor in DeePhi since the start-up’s $10 million Series A round last year, and DeePhi has optimized its software products to run on Xilinx’s processors.

Additional participants in the Series A included Sigma Square Capital, Tsinghua Holdings, Banyan Capital and GSR Ventures, along with Taiwan-based MediaTek. DeePhi also raised an extended Series A round of $40 million last October led by Samsung Electronics and Ant Financial, with participation by China Merchants Venture Capital and China Growth Capital.

Xilinx develops flexible and adaptive processing platforms for a range of applications. It is best known for inventing the field-programmable gate array, a type of processor that can be reconfigured by a customer or designer after manufacturing to provide a wider range of flexibility than traditional processors.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Greater China
• Technology
• Trade sale
• China
• Banyan Capital
• GSR Ventures
• China Growth Capital
• Exit