Nasdaq-listed Xilinx acquires Chinese machine learning startup DeePhi Tech

Beijing-based DeePhi Technology Co Ltd focused on artificial intelligence and machine learning solutions, has been acquired by its existing investor, Nasdaq-listed Xilinx Inc, according to an announcement.

Financial terms were undisclosed.

Xilinx develops processing platforms that enable innovation across a variety of technologies and since 2016, DeePhi Technology has been partnering with Xilinx to develop its commercial products.

“We will work even more closely to deliver leading machine learning solutions to our customers in China and around the world,” said Song Yao, CEO of DeePhi Tech. Xilinx first invested in DeePhi Technology in 2017.

The earlier investment by Xilinx was a Series A round worth tens of millions of dollars made along with Taiwan-based semiconductor firm MediaTek, GSP Ventures, Banyan Capital, Tsinghua Holdings and Sigma Square Capital.

DeePhi Technology was founded in 2016 by researchers from Tsinghua University and Stanford University.

Last year, it raised about $40 million Series A+ led by Ant Financial and Samsung, with other participating investors including China Merchants Venture and China Growth Capital.

Xilinx is currently preparing to market new type of processors, named Everest that could help with the latest technology like AI-run products and services to operate in a faster paste.

“We are thrilled to welcome DeePhi Tech to the Xilinx family and look forward to further building our leading engineering capabilities and enabling the adaptable and intelligent world,” said Salil Raje, executive vice president of Software and IP Products Group at Xilinx.

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Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.