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About MemryX
Industries
Hardware
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$44M
Headquarters
Ann Arbor, Michigan
Founded
2019
Overview
MemryX specializes in Edge AI processing, offering a solution that simplifies AI integration into systems like adding DRAM. Their technology allows for easy optimization of AI models without losing accuracy and supports scalable performance through the addition of AI processing chips, or 'chiplets'. The MX3 AI accelerator chip, their main product, has been successfully demonstrated in a Lenovo desktop PC, indicating a new market for standalone AI accelerator cards. MemryX aims to lead in Edge AI processing by providing efficient and adaptable solutions for AI integration.
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Simplify's Take
What believers are saying
- Recent $44M funding boosts MemryX's production and development of new products.
- Partnership with Variscite enhances MemryX's market position in edge computing.
- Competitive $149 price for MX3 AI Accelerator expands market reach.
What critics are saying
- Emerging competition from Hailo and Syntiant may impact MemryX's market share.
- Rapid AI hardware advancements could render MemryX's products obsolete without innovation.
- Supply chain vulnerabilities could affect MemryX's production amid global chip shortages.
What makes MemryX unique
- MemryX's compute-at-memory technology reduces data movement bottlenecks in AI processing.
- The MX3 AI Accelerator offers high performance with low power consumption for edge devices.
- MemryX's scalable architecture allows easy integration of AI processing like adding DRAM.
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Funding
Total Funding
$44M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
401(k) Company Match
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↑ 1%MemryX raises $44M to scale Edge AI and develop MX4.
MemryX has raised $44 million in Series B funding to advance its Edge AI semiconductor solutions. The funding will help ramp up production of the MX3 Accelerator chip and complete the design of the MX4. The MX3 offers high performance with low power consumption and is used in AI-powered systems like Video Management Systems and Edge Servers. MemryX will showcase its solutions at ISC West 2025 in Las Vegas.
By integrating MemryX's AI accelerators with Variscite's SoMs, developers gain access to a robust platform for creating intelligent edge devices with reduced latency and improved power optimization, while significantly reducing development time and maximizing processing efficiency for complex machine learning tasks.
Integration of Advanced AI Accelerators with Industry-Leading Systems on Module Deliver Superior Edge Computing PerformanceANN ARBOR, Mich., and LOD, Israel, Jan. 6, 2025 /PRNewswire/ -- MemryX Inc., a leading provider of AI accelerators for edge devices, and Variscite, a global leader in System on Module (SoM) solutions, announced a strategic partnership that transforms edge AI capabilities. The collaboration combines MemryX's advanced AI acceleration technology with Variscite's proven SoMs to deliver enhanced performance and efficiency for industrial and edge computing applications
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About MemryX
Industries
Hardware
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$44M
Headquarters
Ann Arbor, Michigan
Founded
2019
There are no jobs for MemryX right now.
Find jobs on Simplify and start your career today