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MemryX has raised $44 million in Series B funding to enhance its Edge AI semiconductor solutions. This funding will support the ramp-up of production for its MX3 accelerator and the design of its next-generation MX4.

Mar 27, 2025•4 months ago

Amount Raised

$44 Million

Round Type

series b

Ann ArborSemiconductorMachine LearningArtificial IntelligenceManufacturing

Description

MemryX, a provider of industry leading Edge AI semiconductor solutions, announced today it has raised $44 million in Series B funding. The funding round received broad support from new and existing investors. This announcement follows MemryX reaching production quality of the industry leading MX3 Accelerator chip. The funding will allow MemryX to ramp existing production and complete design on their groundbreaking MX4.

Company Information

Company

MemryX

Location

Ann Arbor, Michigan, United States

About

MemryX, Inc. (memryx.com) is an AI chip startup company headquartered in Ann Arbor, Michigan, with branches in Taipei and Hsinchun, Taiwan. MemryX’s AI accelerator chips offer server-like performance and accuracy at low power and low cost, and are well positioned for Edge AI applications including autonomous driving, robotics, machine vision etc. MemryX is backed by prominent VCs and offers a great career opportunity for new graduates and experienced engineers alike.

Funding Insights

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