MemryX is a fabless semiconductor company that designs edge AI processing solutions using a proprietary compute-at-memory technology and dataflow architecture. Its MX3 accelerator has reached production quality and the company says more than a dozen companies were competitively selected to enter production with MemryX. The MX3 is being designed into solutions such as AI-powered video management systems, industrial PCs, and edge servers. MemryX reports the MX3 delivers higher system performance while using less than 10% of the power of mainstream GPU solutions for vision-based AI inference. The company emphasizes a software-first core architecture and provides a public MemryX Developer Hub with tools and benchmarks across hundreds of models, which it credits with capital-efficient development and support for dozens of customers. MemryX plans to ramp MX3 production and complete the design of its next-generation MX4 accelerator and is headquartered in Ann Arbor, Michigan, with offices in Bangalore, Taipei, and Hsinchu, Taiwan.

Total raised

$44M

Funding rounds

1

Latest round

Series B

Latest activity

Mar 2025