Startup · United States
MemryX
HQ Ann Arbor, MichiganFounded 201911-50 employeesUpdated
MemryX is built around the demands of AI inference, delivering efficient, scalable acceleration across a wide range of systems.
Funding4 rounds · $44.0M
- Equity raised
- $44.0M
- Latest
- UndisclosedStage undisclosed · May 5, 2025
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| May 5, 2025 | Undisclosed | Undisclosed | — | NEOM Investment Fund | — | Reported |
| Mar 27, 2025 | Series B | $44.0M | — | — | — | Reported |
| May 12, 2021 | Series A | Undisclosed | — | — | — | Reported |
| Apr 9, 2019 | Seed | Undisclosed | — | — | — | Reported |
- UndisclosedLed by NEOM Investment FundUndisclosedMay 5, 2025
- Series B$44.0MMar 27, 2025
- Series AUndisclosedMay 12, 2021
- SeedUndisclosedApr 9, 2019
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Systems2
Newest unveiled first. Systems that belong to a government program link to the program page, where variants, costs and contracts are.
Capabilities1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Semiconductors and microelectronics | Developer | — | — | classify_sectors run 37, sonnet, taxonomy 2026-10-18b: AI inference accelerator chips with no stated defense use. | Reported |
- Developerclassify_sectors run 37, sonnet, taxonomy 2026-10-18b: AI inference accelerator chips with no stated defense use.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People3
| Person | Role |
|---|---|
| Wei Lu | Co-Founder & CEO |
| Zhengya Zhang | Co-Founder |
| Ross Jatou | President and CEO |
Sources4
Profile1
- 1
Sixth-Domain · Supports Organization · kind
“{"group": "startups", "id": "d50b9004-4267-4414-a2fc-76c47980c3c8", "name": "MemryX"}”
Systems2
- 2
MemryX · Supports Organization · description, Organization · name, Organization · website, System
“MemryX is built around the demands of AI inference, delivering efficient, scalable acceleration across a wide range of systems. From real-time edge AI to high-performance compute, we enable greater AI capability as models, applications, and deployment needs evolve.”
- 3CompanyMX3 - MemryX
MemryX · Supports System
“MX3 ## Edge AI Accelerator Chip **The AI engine behind the Cascade 100 family—available for custom, chip-down designs.**MX3 is MemryX’s production-proven AI accelerator, built to deliver efficient, real-time inference directly within your hardware”
Funding1
- 4DatabaseMemryX Inc. company profile
Octen Business Search · Supports Funding round, Organization · country, Organization · employee range, Organization · founded year, Organization · hq city, Organization · hq region, Organization · linkedin url, Role
“funding round: Series B, 2025-03-27, USD 44,000,000”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.