MemryX, an Ann Arbor, MI-based provider Edge AI semiconductor solutions, raised $44M in Series B funding.
The company intends to use the funds to support from new and existing investors.
Led by CEO Keith Kressin, MemryX is a semiconductor company that designs edge AI processing solutions empowered by a proprietary compute-at-memory technology and dataflow architecture. By combining high performance and accuracy with low system power and a high-performance architecture, its solutions empower AI needs for a number of industries, including transportation, IoT, and a wide range of industrial and consumer applications.
Investors included HarbourVest, M Ventures, eLab Ventures, Motus Ventures and Arm IoT Fund.
The company has has offices in Bangalore, India, Taipei and Hsinchu, Taiwan.
FinSMEs
27/03/2025