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MemryX

Edge AI processing accelerator chips

Overview

MemryX makes AI accelerator chips for edge AI. Its MX3 chip uses a configurable native dataflow architecture and in-memory computing to run AI models without needing manual tuning or retraining, and it can be scaled by adding chiplets to increase performance or reduce latency. The system minimizes data movement, allowing a single software stack to run multiple models across multiple chips efficiently. A distinguishing feature is its DRAM-like integration that simplifies deployment and its ability to support new hardware and AI models with the same software, plus a PC-ready AI accelerator card demonstrated in Lenovo ThinkCentre PCs. MemryX’s goal is to expand edge AI capabilities by providing a scalable, easy-to-use hardware-software stack that lowers barriers to deploying AI at the edge and into consumer/enterprise PCs by selling MX3 chips.

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About MemryX

Simplify's Rating
Why MemryX is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

HardwareEnterprise SoftwareAI & Machine Learning

Company Size

11-50

Company Stage

Series B

Total Funding

$52M

Headquarters

Ann Arbor, MI

Founded

2019

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What believers are saying

  • Nov. 10, 2026 MX3+ launch expands workloads into transformers and multimodal inference.
  • Saudi Arabia Lenovo deployments and Renesas integration prove commercial traction across industrial edge markets.
  • Express LUCK and airport baggage deployments validate real-world factory and infrastructure demand now.

What critics are saying

  • MX3+ engineering samples slip to late 2027, delaying revenue until mid-2028.
  • Lenovo Saudi MOU and customer deployments stay pilots without volume purchases in 2027.
  • NVIDIA, Qualcomm, and EdgeCortix compress MemryX margins before MX3+ reaches production.

What makes MemryX unique

  • Production-proven MX3 dataflow silicon scales across edge, servers, and PCs.
  • MX3+ targets 10x compute and memory while preserving MX3's power envelope.
  • MemryX ships software reuse through one compiler across Renesas, Lenovo, and Raspberry Pi.

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Funding

Total Funding

$52M

Meets

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$44M
$45M
$65M
$100M

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

-4%

1 year growth

-2%

2 year growth

-2%
PR Newswire
Nov 10th, 2026
MemryX AI unveils MX3+ chip with 10x more compute, scaling beyond 1 POPS

MemryX AI, a fabless semiconductor company based in Ann Arbor, Michigan, has unveiled MX3+, a next-generation AI accelerator. It offers up to 10 times more peak AI compute and nearly 10 times more on-chip memory than the MX3, within the same low-power envelope. The chip is built for larger models, including transformer-based models, small language models, and vision-language-action models. Targeted uses include industrial automation, robotics, healthcare devices, and retail. Multiple chips can work as one device. A 16-chip configuration is designed to deliver more than 1 peta-operation per second of peak AI compute and 2.16GB of on-chip memory. Engineering samples are targeted for late 2027, with volume production in mid-2028. MemryX AI is accepting early-access requests from select partners and enterprise customers.

Edge AI and Vision Alliance
Nov 4th, 2026
MemryX brings high-performance AI to Renesas RZ/G3E with Yocto integration.

MemryX brings high-performance AI to Renesas RZ/G3E with Yocto integration. MemryX now supports the Yocto BSP for the Renesas RZ/G3E platform, providing developers with a streamlined path to deploy high-performance, power-efficient AI applications at the edge. This blog post was originally published at MemryX's website. It is reprinted here with the permission of MemryX. This blog presents a practical overview of the complete software bring-up process, including BSP configuration, integration of the MemryX Yocto layers, cross-compilation, deployment, and execution of accelerated computer vision applications on MemryX hardware. For detailed setup instructions and source code, visit the project repository on the official MemryX GitHub page. Validated configuration. The steps described in this guide were validated using the following hardware and software configuration. | Component | Version / Configuration | | Renesas BSP | RZ/G3E BSP v1.0.0 | | Yocto Distribution | Scarthgap | | Root Filesystem | core-image-weston | | Yocto SDK Toolchain | v5.0.8 | | MemryX SDK / Runtime | v2.2 | | MemryX Driver | MX3 PCIe Driver (v2.2 recipes) | | AI Accelerator | One MemryX MX3 M.2 Module | | Example Model | YOLO26 Nano | | Model Input Resolution | 640 x 640 | The accompanying GitHub repository contains the complete Yocto layer modifications and recipes used to build this validated configuration. Prerequisites. Before beginning the build process, ensure your development environment meets the following requirements: * A Linux development workstation (Ubuntu 24.04 recommended) with the standard Yocto Project host dependencies installed. * Approximately 200 GB of available disk space for the complete BSP build. * A configured Git environment (git config -global user.name and git config -global user.email) to allow patches to be applied correctly during development. * A registered MyRenesas account to download the required Renesas graphics and multimedia packages. * The proprietary Renesas graphics and video codec packages corresponding to BSP v1.0.0. * Internet connectivity during the initial build to download Yocto source packages and repositories. Once these prerequisites have been satisfied, the BSP can be configured and built using the steps described below. Environment setup. The MemryX integration for Renesas RZ/G3E is provided through the memx-yocto-renesas repository, which contains Yocto integration layers for both the MX3 PCIe kernel driver and the MemryX runtime libraries. The build environment assumes a standard Renesas RZ/G3E Yocto BSP setup. After downloading and initializing the Renesas BSP, the MemryX layers can be added into the build configuration using bitbake-layers. The repository currently includes two primary layers: * meta-mx3-driver, which builds the MX3 M.2 PCIe kernel module * meta-memx-runtime, which builds the MemryX runtime libraries and benchmarking utilities Once the BSP environment has been initialized, the MemryX layers can be added: bitbake-layers add-layer .../meta-mx3-driver bitbake-layers add-layer .../meta-memx-runtime The target image can then be configured to include the MemryX packages and supporting multimedia stack components required for accelerated video inference workflows. Building the BSP image. The platform is built using Yocto and BitBake in the standard Renesas workflow. For development and evaluation, the recommended image target is core-image-weston, which provides Wayland display and video codec support required by the sample applications. The BSP image can be built using: MACHINE=smarc-rzg3e bitbake core-image-weston After the build completes, the generated image artifacts can be found in: build/tmp/deploy/images/smarc-rzg3e/ These artifacts can then be flashed to a microSD card for booting on the Renesas RZ/G3E platform. Generating the cross-compilation SDK. In addition to the target image, Yocto can generate a complete cross-compilation SDK for application development. The SDK is generated with: MACHINE=smarc-rzg3e bitbake core-image-weston -c populate_sdk This produces a self-contained cross-compilation environment containing: * the aarch64 cross toolchain * target sysroot libraries * headers for the MemryX runtime and dependencies * CMake integration support After installing the generated SDK, the environment can be enabled using: source /opt/rz-vlp/5.0.8/environment-setup-cortexa55-poky-linux Note: your path may vary. At this point, standard CMake-based applications can be cross-compiled directly for the Renesas target. Cross-Compiling the sample application. To demonstrate the complete deployment flow, the platform was validated using a C++ YOLO26 Nano object detection application operating on 640x640 input resolution. You can find this sample application on the memx_test_app repository; simply clone the repository and enter the project folder. The application uses: * GStreamer for video ingest * OpenCV for image preprocessing and rendering * The MemryX runtime for inference execution on MX3 accelerator chips After sourcing the Yocto SDK environment, the application can be built using CMake: mkdir build && cd build cmake... make -j The resulting binary is an aarch64 executable ready for deployment onto the Renesas platform. Deploying to the target. The compiled application and required runtime libraries can be copied directly onto the target root filesystem using cp or by placing the binaries onto the generated rootfs image before flashing. Typical deployment locations include: /usr/bin/ /root/home/weston/ After deployment, shared-library dependencies can be checked using: ldd ./main to confirm all shared library dependencies are correctly resolved on target. Running inference on the platform. Once deployed, the sample application can be executed directly on the Renesas RZ/G3E platform. For object detection testing, the YOLO26 Nano model running at 640x640 resolution achieves approximately 60 FPS end-to-end using the MemryX accelerator pipeline. The end-to-end workflow includes: * video decoding of USB camera inputs * preprocessing * accelerated inference on MemryX hardware * postprocessing and display rendering The RZ/G3E platform can additionally be evaluated using the included acclBench benchmarking utility, which provides direct accelerator throughput measurements and stress-testing capabilities for sustained inference workloads. For details on how to use the acclBench CLI, refer to the documentation on the MemryX Developer Hub. Hardware platform. The reference hardware platform uses one MemryX MX3 M.2 AI Accelerator module. Combined with the Renesas RZ/G3E SOM and Yocto-based Linux environment, the platform provides a flexible and scalable foundation for embedded AI applications spanning industrial automation, smart vision, and intelligent edge systems. Performance considerations. The Renesas RZ/G3E platform combines a quad-core Arm Cortex-A55 processor with integrated graphics, multimedia capabilities, and high-speed connectivity, providing a capable foundation for modern embedded AI applications. By pairing the platform with MemryX acceleration over PCIe Gen3, AI inference workloads are offloaded from the host CPU, allowing the processor to focus on application logic, sensor management, communications, and other system tasks. This combination enables significantly higher AI performance while maintaining an efficient architecture well suited for industrial, robotics, vision, and other embedded edge deployments. Source code and detailed instructions. Complete source code, Yocto layers, and setup instructions are available on the MemryX GitHub. Happy developing! Lindsay Morel MemryX Here you'll find a wealth of practical technical insights and expert advice to help you bring AI and visual intelligence into your products without flying blind. Pages. Topics. Contact. Address. Berkeley Design Technology, Inc. PO Box #4446 Walnut Creek, CA 94596 Phone. Phone: +1 (925) 954-1411

PR Newswire
Sep 15th, 2026
MemryX and Lenovo advance sovereign edge AI in Saudi Arabia.

MemryX and Lenovo advance sovereign edge AI in Saudi Arabia. Sep 15, 2026, 17:13 ET Cascade 100P and Lenovo ThinkEdge power live AI deployments across the Kingdom ANN ARBOR, Mich. and RIYADH, Saudi Arabia, Sept. 15, 2026 /PRNewswire/ - MemryX, a provider of power-efficient, scalable AI acceleration technology, today announced that it has signed a memorandum of understanding with Lenovo to expand the deployment of sovereign edge AI solutions across Saudi Arabia. The agreement builds on joint platform deployments already operating in the Kingdom and establishes a framework for Lenovo and MemryX to pursue additional opportunities across infrastructure, industrial operations, smart cities and video management. The collaboration supports Saudi Arabia's Vision 2030 by enabling organizations to deploy practical AI capabilities while maintaining greater control over their data and computing infrastructure. The joint platform combines the Lenovo ThinkEdge SE455 V3 rugged edge server with the MemryX Cascade 100P AI accelerator to process video and sensor data on site. This helps organizations reduce latency, maintain greater control over their data and limit reliance on centralized, power- and cooling-intensive AI infrastructure. "Working with Lenovo demonstrates how quickly MemryX technology can move from evaluation into demanding, real-world deployments," said Ross Jatou, Chief Executive Officer of MemryX. "Together, we are delivering high-density, power-efficient AI inference close to customer operations and establishing a platform that can scale from Saudi Arabia to markets worldwide." The joint platform is already operating in large-scale infrastructure programs in Saudi Arabia. One deployment delivers real-time construction safety analytics, including personal protective equipment compliance and site safety event detection. A second deployment operates in a port environment, running compliance and site-monitoring workloads across the operator's existing camera infrastructure without disrupting ongoing operations. "We're seeing growing interest from organizations across Saudi Arabia that want to use AI in practical ways, whether that's improving safety, making operations more efficient, or gaining faster insights from their data," said Salman Faqeeh, Vice President and General Manager, Saudi Arabia, Lenovo. "What matters to customers is being able to do that while keeping their data close to where it's created and under their control. That's why our work with MemryX is relevant and timely. Together, we're helping bring AI into real-world environments where it can make an immediate difference. What's even more relevant is that this isn't a future concept. We're already seeing this deployment help customers improve safety and efficiency in real operating environments across Saudi Arabia. The fact that these deployments are already operating in Saudi Arabia shows how quickly organizations are moving from AI experimentation to real-world adoption." The MOU establishes a framework for Lenovo and MemryX to expand customer deployments in Saudi Arabia, pursue opportunities across infrastructure and industrial markets, validate the platform through a Lenovo Center of Excellence, and develop additional solutions through Lenovo AI Innovation. Aligned with a hybrid edge-to-cloud strategy, the companies also intend to explore rack-scale server configurations for computer vision inference, supporting potential regional and global go-to-market opportunities. About MemryX MemryX Inc. is a fabless AI semiconductor company delivering power-efficient, scalable inference acceleration from the edge to the data center. Its production-proven, compute-near-memory dataflow architecture powers a portfolio of accelerator silicon, modules and systems designed to make AI easier to integrate and deploy. Learn more at memryx.ai. About Lenovo Lenovo is a US$83 billion revenue global technology powerhouse, ranked #153 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Guided by its vision of "Smarter Technology for All," Lenovo is executing a Hybrid AI strategy that spans Personal AI - one personal AI, multiple devices - and Enterprise AI, helping customers turn data into insights and value. This strategy is delivered through the Group's commitment to world-class innovation and a full-stack AI portfolio, including devices such as PCs, workstations, smartphones, tablets and accessories; infrastructure solutions spanning servers, storage, edge, high-performance computing and software-defined infrastructure; and software, solutions and services. With a global footprint spanning more than 20 research and development locations and a global supply chain that includes more than 30 manufacturing sites across 11 markets, Lenovo is widely recognized for its operational excellence. Lenovo is listed on the Hong Kong Stock Exchange under Lenovo Group Limited (HKSE: 992) and through its American Depositary Receipts (ADR: LNVGY). Media Contacts Lenovo Mazin El Nagib PR & Communications Manager [email protected] SOURCE MemryX

PR Newswire
Aug 31st, 2026
Express LUCK deploys MemryX AI system for real-time safety compliance in TV manufacturing

Express LUCK, a global television manufacturer producing over 10 million TVs annually, has deployed MemryX-powered edge AI technology in its manufacturing operations. The system monitors production-line video in real time to identify potential safety procedure deviations. The deployment supports Express LUCK's Industry 4.0 transformation strategy. The company has achieved Industry 4.0 Maturity Level 1i certification and plans to expand AI-enabled safety and automation across additional facilities. MemryX's compact, power-efficient architecture provides the performance needed for reliable factory floor operation. Express LUCK operates multiple manufacturing facilities across four continents, serving customers in over 90 countries and producing televisions for brands including Sansui, Caixun, and SmartTech. The manufacturer plans to build additional capabilities on this initial deployment as part of its broader smart factory strategy.

PR Newswire
Jun 22nd, 2026
MemryX expands Cascade platform with three new MX3-powered edge AI modules for servers

MemryX has expanded its Cascade platform with three new AI accelerator products built on its MX3 architecture, enabling deployment from embedded systems to edge servers. The Ann Arbor-based semiconductor company unveiled the products at Automate 2026 in Chicago. The Cascade 100P PCIe Accelerator features 16 MX3 processors in a single-slot, passively cooled card for high-density server deployments and multi-camera applications. The Cascade 100U USB Accelerator integrates two MX3 chips via USB Type-C for adding AI to existing systems. The Cascade 100R Raspberry Pi HAT+ brings hardware-accelerated inference to Raspberry Pi platforms for robotics and industrial applications. All products share a common software environment through MemryX Developer Hub. The company has raised $44 million in Series B funding from investors including HarbourVest and Arm IoT Fund.

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