MemryX
Latest round
- Series A
Last raised
- Nov 2020
Total raised
- $9M
Investors
- 3
About MemryX
Founded in 2019 in Ann Arbor, US, MemryX Inc designs and manufactures AI hardware solutions that enhance data processing capabilities.2 AI Accelerator Module.6-2 watts per chip. Designed for edge computing, the MX3 seamlessly integrates with existing systems via a PCIe interface, enabling rapid deployment of AI models without constraints. The technology caters to various sectors including video management, industrial automation, and educational applications, targeting clients who require real-time processing from large volumes of data.MemryX generates revenue through direct sales of its AI accelerator hardware and associated software solutions, primarily operating on a B2B model. Clients, including businesses in video management and industrial sectors, purchase the MX3 modules and software licenses to enhance their AI capabilities. Partnerships often include volume discounts for bulk purchases or long-term commitments. The company is also targeting expansion into new geographic regions, focusing on markets that are rapidly adopting AI technologies, with plans for deployment by the end of 2025.
Who invested in MemryX
3 investors across 2 rounds
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Questions about MemryX
Who invested in MemryX?
MemryX has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MemryX raised?
MemryX has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did MemryX last raise money?
MemryX's most recent round on record is a Series A, in Nov 2020.
What does MemryX do?
Founded in 2019 in Ann Arbor, US, MemryX Inc designs and manufactures AI hardware solutions that enhance data processing capabilities.
Where is MemryX headquartered?
MemryX is headquartered in Ann Arbor, US.
Which VCs invest in companies like MemryX?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back electronics companies at MemryX's stage. Their profiles are linked below.
VCs backing electronics startups at Series A
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