#USA #Ann Arbor #Edge AI #MemryX #MX3 Accelerator

MemryX Secures $44 Million Series B Funding

MemryX, a pioneer in Edge AI semiconductor solutions, has revealed its accomplishment in raising $44 million in Series B funding. This considerable investment is anticipated to significantly boost their production capabilities and drive further innovation in the field of AI-powered technology. The funding round saw enthusiastic backing from both new and existing investors, underscoring the confidence in MemryX's potential to reshape the Edge AI landscape.

In recent developments, MemryX achieved a significant milestone by reaching production quality for its leading MX3 Accelerator chip. This accomplishment opened the doors for more than a dozen companies to initiate production using MemryX's technology. The decision to invest was reinforced by independent reviews, which confirmed the substantial value proposition offered by the MX3 accelerator.

Keith Kressin, CEO of MemryX, expressed his excitement regarding the funding. He stated, "We're thrilled to complete our Series B funding round, which will enable us to ramp our existing production of the best-in-class MX3 accelerator and complete the design of our groundbreaking MX4. Our software-first core architecture has allowed us to maintain high capital efficiency, while simultaneously building a robust software stack to support dozens of customers. This will also lay a strong foundation for our next-generation MX4 accelerator."

The MX3 AI solutions from MemryX are designed to deliver superior system performance while consuming less than 10% of the power used by typical GPU solutions, a major advancement for vision-based AI inference tasks. This remarkable efficiency has made the MX3 a desirable option for numerous clients developing applications like AI-powered Video Management Systems (VMS), Industrial PCs, and various Edge Servers.

For developers interested in exploring MemryX’s offerings further, the company provides its software tools and benchmark data on a broad range of models through the MemryX Developer Hub, fostering an active community of innovation.

MemryX plans to showcase its solutions along with hardware partners at ISC West 2025, scheduled for April 2–4 in Las Vegas. This event will provide attendees with an opportunity to meet with the MemryX team and observe public demonstrations of their technology, highlighting their commitment to advancing the Edge AI computing sector.

For additional information about their latest updates and offerings, visit MemryX.com.

About MemryX

MemryX Inc. operates as a fabless semiconductor company, focusing on the design and development of edge AI processing solutions that utilize proprietary compute-at-memory technology paired with an innovative data flow architecture. By striking a balance between high performance and low power consumption, MemryX's solutions cater to the AI demands across several industries, including transportation and IoT, as well as various industrial and consumer applications. The company is supported by renowned investors such as HarbourVest, M Ventures, eLab Ventures, Motus Ventures, and Arm IoT Fund. MemryX has its headquarters in Ann Arbor, Michigan, and has established a global presence with offices in Bengaluru, India, Taipei, and Hsinchu, Taiwan.