MemVerge
Latest round
- Series B
Last raised
- May 2020
Total raised
- $44M
Investors
- 10
About MemVerge
MemVerge, Inc.Founded in 2017 in San Jose, California, MemVerge, Inc. focuses on developing Intelligent Memory technology.MemVerge offers a suite of innovative solutions centered around Intelligent Memory and Memory-Centric AI Infrastructure.ai Intelligent Memory, utilizes advanced algorithms to store and retrieve memory from past interactions, enriching the context for future queries and enabling personalized AI responses. This technology is particularly useful in enterprise environments where multiple sessions, agents, and large language models (LLMs) are employed. The company's GPU orchestration software maximizes the utilization of scarce GPU resources, supporting both Nvidia and AMD hardware, which helps clients lower computing costs while expanding AI workloads. Additionally, their Memory Machine Batch for AWS enhances the functionality of AWS Batch environments by enabling the use of low-cost Spot instances for big stateful workloads, while the Memory Machine X for CXL® innovates memory management by tiering DIMM and CXL memory across multiple servers.MemVerge generates revenue primarily through business-to-business transactions, offering their products via subscription models and partnerships with enterprise clients.ai Intelligent Memory and Memory Machine solutions, which are marketed to organizations looking to enhance their computing capabilities through advanced memory management and GPU orchestration. While specific pricing plans for their services are not detailed, the transactional framework suggests a focus on long-term partnerships that drive recurring revenue streams. The integration of their technologies into enterprise workflows is designed to deliver significant cost savings, thereby promoting continued client engagement and loyalty. The company plans to expand its product offerings and is targeting growth in both North American and European markets. MemVerge aims to release new solutions that improve memory management capabilities in enterprise environments, with specific new products expected to be launched as the development progresses.
Who invested in MemVerge
10 investors across 2 rounds
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Questions about MemVerge
Who invested in MemVerge?
MemVerge has 10 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 MemVerge raised?
MemVerge has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did MemVerge last raise money?
MemVerge's most recent round on record is a Series B, in May 2020.
What does MemVerge do?
MemVerge is a software company.
Where is MemVerge headquartered?
MemVerge is headquartered in San Jose, US.
Which VCs invest in companies like MemVerge?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at MemVerge's stage. Their profiles are linked below.
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