MemVerge is the inventor of Memory Machine software, which provides data services such as ZeroIO Snapshot and memory replication to address application data persistence directly in memory. The technology is compatible with existing and future applications and aims to make data‑centric workloads — including AI/ML, trading and financial market data analytics, and high‑performance computing — easier to develop and deploy. Enterprises use MemVerge in bare metal, cloud, container and virtual environments to train and infer from models faster, work with larger in‑memory datasets, complete queries more quickly, and consistently replicate memory between servers. Its software is used by leading enterprises for their data‑intensive workloads. The company raised $19M in funding and intends to use the proceeds to advance development of Memory Machine and build out sales and marketing functions. MemVerge develops Memory-Converged Infrastructure (MCI), a software layer that eliminates boundaries between memory and storage to run data-intensive workloads at memory speed. Its technology leverages Intel Optane DC persistent memory and a distributed memory objects (DMO) layer to increase memory size and data I/O speed while guaranteeing data consistency across systems. The platform is architected to integrate with existing applications and targets AI, machine learning, big data analytics, IoT and data warehousing workloads. MemVerge says leading innovators including LinkedIn, Tencent Cloud and JD.com use its technology for AI and data science workloads. The company emerged from stealth with a Series A and plans to use the proceeds to expand engineering, sales and marketing in Silicon Valley and to accelerate R&D on MCI.

Total raised

$44M

Funding rounds

2

Latest round

Equity

Latest activity

May 2020