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.
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.
03/27/25, 11:56 AM
Location
ann arborMoney raised
$44 million
Industry
semiconductor
machine learning
artificial intelligence
manufacturing
Round Type
series b
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 Info
Location
ann arbor, michigan, united states
Additional Info
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.